Production Possibilities Frontiers Usually Curve Out and Away from the Origin.The

question 137

Multiple Choice

Production possibilities frontiers usually curve out and away from the origin.The implication is

• A) that as resources are used to produce one good, fewer resources are available to produce another good.
• B) that the opportunity cost of producing a good goes down as more of that good is produced.
• C) technological change is present.
• D) that the opportunity cost of producing a good stays the same regardless of how much of that good is produced.
• E) some resources are better at producing one good while other resources are better at producing alternative goods.

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Definitions:

Gender

A collection of traits associated with, and distinguishing, masculine and feminine identities.

College

An educational institution or part of an institution that offers undergraduate and, in some cases, graduate degrees.

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The amount of cholesterol present in the blood, used as a key indicator of health, particularly for heart disease.