Constant Opportunity Costs Suggest That the Relative Cost of Producing

question 2

True/False

Constant opportunity costs suggest that the relative cost of producing one product in terms of the other will remain the same no matter where a nation chooses to locate on its production-possibilities frontier.

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Definitions:

South Carolina

A state in the southeastern United States, known for its shorelines, subtropical beaches, and historical significance in the American Civil War.

Gold Coast

A region on the Gulf of Guinea in West Africa known for its gold exports; also the name of a historic British colony that became Ghana.

Slave Trade

The historical capturing, selling, and buying of human beings for the purpose of forced and unpaid labor, particularly prevalent across the Atlantic from the 16th to the 19th centuries.

Polygyny

Refers to a form of polygamy where a man is allowed to have more than one wife at the same time.