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:

Target Population

The total group of individuals for which a research study or statistical analysis is aimed and intended to generalize findings.

Confidence Intervals

A range of values derived from a dataset, estimated to contain the true value of a parameter with a certain probability level.

Time-Series Data

Data collected at successive equally spaced points in time, often used in forecasting and identifying trends.

Confidence Interval

A spectrum of numbers, obtained from sampled evidence, which is expected to encompass the magnitude of an undetermined population statistic.