Which of the Following Statements Is True

question 52

Multiple Choice

Which of the following statements is true?

• A) An economy's production possibilities curve is convex.
• B) The opportunity cost of producing a good decreases as more resources are used for its production.
• C) The production possibilities curve of a country is fixed in the short run.
• D) The slope of the production possibilities curve represents the terms of trade between two states.

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