The Slope of the Production Possibilities Frontier at a Point

question 105

Multiple Choice

The slope of the production possibilities frontier at a point indicates ________.

• A) the preferences of a country
• B) a country's total gains from trade
• C) a country's opportunity cost of production
• D) a country's trade balance

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Definitions:

Internal Service Funds

Funds used by a government or organization to account for the financing of goods or services provided by one department to other parts of the organization, on a cost-reimbursement basis.

Special Revenue Funds

Governmental funds intended to be used for specific revenue sources that are legally restricted to expenditure for particular purposes.

Debt Service Funds

Governmental funds used to account for the accumulation of resources for, and the payment of, general long-term debt principal and interest.

Capital Projects Funds

Funds used by governmental entities to finance the acquisition or construction of major capital facilities.