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:

Disclosing

The act of making something known or public, especially information that was previously secret or private.

Alternatives

Other options or choices available in a given situation or for solving a particular problem.

Transparency

The practice of being open, honest, and straightforward about various activities, operations, or decisions.

Stealth Marketing

Marketing strategies that aim to advertise a product to people without them realizing they are being marketed to.