If the Production Possibilities Curve Is Drawn as a Straight

question 94

Multiple Choice

If the production possibilities curve is drawn as a straight line it means that

• A) the tradeoff between the two goods is increasing.
• B) the tradeoff between the two goods is decreasing.
• C) the tradeoff between the two goods is constant.
• D) no tradeoff is possible between the two goods.

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Definitions:

September 11

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A framework for understanding the image and reputation of a country based on various factors, including its culture, politics, and economic status.

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describes the obstacles or barriers that new competitors face when trying to enter an industry or market.