If the Production Possibilities Curve Is a Straight Line

question 79

Multiple Choice

If the production possibilities curve is a straight line,

• A)opportunity costs rise as output of either commodity is expanded.
• B)resources are not equally productive in the production of both goods.
• C)opportunity costs are negative.
• D)resources can be moved from the production of one good to production of others with no loss of productivity.

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Definitions:

Health Expectancy

An estimate of the amount of time an individual is expected to live in good health, taking into account mortality and morbidity.

Expert Recommendation

Advice or guidance given by someone with extensive knowledge or proficiency in a specific field, often sought to aid decision-making processes.

Health Insurance

A type of insurance coverage that typically pays for an insured person's medical and surgical expenses.

Health Care Costs

Expenses related to the prevention, diagnosis, treatment, and management of illness and the preservation of mental and physical well-being through the services offered by the medical industry.