Identify the Equation as Linear or Nonlinear

question 73

Multiple Choice

Identify the equation as linear or nonlinear.
-y = - 8

• A) nonlinear
• B) linear

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Definitions:

Economy's Capacity

The maximum level of output that an economy can sustain over a period of time without increasing inflation.

Bowed Outward

A description of a production possibility frontier that displays increasing opportunity costs as more of one good is produced.

Specialized Resources

Inputs in the production process that have specific uses and are not easily adaptable to other types of production.

Comparative Advantage

The capacity of a person, business, or nation to create a product or offer a service with a smaller opportunity cost compared to its rivals.