In Order to Have a Linear Production Possibilities Frontier (One

question 89

Multiple Choice

In order to have a linear production possibilities frontier (one that is not bowed out) , it must be that:

• A) there are no trade-offs
• B) the trade-off between two goods is constant
• C) the trade-off between two goods is increasing
• D) the trade-off between two goods is decreasing

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Definitions:

Specific Performance

A legal remedy in contracts law requiring a party to perform their part of the contract, as opposed to paying damages for failing to do so.

Delegation

The transfer of a contractual duty.

Plastic Surgeon

A medical specialist focused on reconstructing or repairing parts of the body by moving tissue for cosmetic or functional reasons.