If the Production Possibilities Frontier Is Linear,then

question 68

Multiple Choice

If the production possibilities frontier is linear,then

• A)opportunity costs are decreasing as more of one good is produced.
• B)it is easy to efficiently produce output.
• C)opportunity costs are increasing as more of one good is produced.
• D)opportunity costs are constant as more of one good is produced.

---

Definitions:

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) for financial reporting globally.

Disclosure Requirements

Regulatory mandates that obligate companies to reveal certain financial and operation-related information to ensure transparency and protect investors.

Financial Results

The outcome of a company's operations in terms of revenue, expenses, and net income for a specific period.

Income-smoothing

A strategy used by companies to stabilize their earnings over a period by using reserves to reduce fluctuations in income.