If the Production Possibilities Curve Were a Straight Line Sloping

question 110

Multiple Choice

If the production possibilities curve were a straight line sloping down from left to right, this would suggest that:

• A) more of both goods could be produced moving along the curve.
• B) the two products must have the same price.
• C) no factor of production has any particular comparative advantage over other resources.
• D) the utility of the two goods must be equal to consumers.

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Definitions:

Essential Traits

Fundamental characteristics or qualities considered necessary or inherent to a specific entity or individual.

Health Outcomes

The results of medical care and health interventions, encompassing aspects like mortality, morbidity, and quality of life.

Consistently Linked

Being consistently linked refers to the repeated and dependable association between two or more factors or phenomena across various studies or analyses.

Bias in Employment

Refers to unfair and prejudiced treatment of individuals during hiring, promotion, or daily job activities based on characteristics such as race, gender, age, or sexual orientation.