If an Economy Has to Sacrifice Only One Unit of Good

question 173

Multiple Choice

If an economy has to sacrifice only one unit of good X for each unit of good Y produced throughout the relevant range, then its production possibilities curve has a(n) :

• A) zero slope.
• B) constant, negative slope.
• C) increasing, negative slope.
• D) decreasing, negative slope.

---

Definitions:

Physical Capital

Tangible assets used in the production of goods and services, such as machinery, buildings, and vehicles.

United States

A country in North America consisting of 50 states and a federal district, known for its significant influence on world politics, economy, and culture.

National Income

The total value of all goods and services produced by a country's economy over a specific period, accounting for income earned domestically and abroad.

United States

A nation in North America that encompasses 50 states, a federal district, five significant self-governing territories, and a collection of possessions.