The Production Possibility Frontier Has a Negative Slope Because _____

question 98

Multiple Choice

The production possibility frontier has a negative slope because _____.

• A) operating at a point on the frontier is not optimal
• B) resources are infinite while human wants are limited
• C) it exhibits increasing opportunity costs
• D) the costs of production are very high

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Definitions:

Early Enthusiasm

The intense eagerness and interest shown in the initial stages of undertaking a new project, activity, or idea.

Phoenix Phenomenon

A concept that describes emerging stronger or better from a catastrophe or significant trauma.

Working Well

A state of functioning effectively and efficiently with good results or outcomes, often used in the context of organizational or machinery performance.

Behalf

In favor of or representing someone else; acting as an agent for someone.