The Negative Slope of the Production Possibilities Frontier Represents the Idea

question 168

Multiple Choice

The negative slope of the production possibilities frontier represents the idea

• A) that free lunches are possible.
• B) of tradeoffs, that in order to produce more of one good, the nation must produce less of another.
• C) of unemployment.
• D) of inefficient production.
• E) that prices rise as less is produced.

---

Definitions:

Scarce Resources

Refers to the limited availability of inputs—such as labor, capital, and raw materials—used in the production of goods and services.

Economist

A professional who studies the production, distribution, and consumption of goods and services, often analyzing economic issues and trends.

Scarcity of Time

A situation where the amount of time available is insufficient to meet demands or complete tasks.

Hamburger

A popular food item consisting of a cooked patty of ground meat, typically beef, placed inside a sliced bun.