The Negative Slope of the Production Possibilities Curve Is a Graphical

question 294

Multiple Choice

The negative slope of the production possibilities curve is a graphical way of indicating that

• A) any economy "can have its cake and eat it too."
• B) to produce more of one product, we must do with less of another.
• C) the principle of increasing opportunity costs applies to only parts of the economy.
• D) consumers buy more when prices are low than when prices are high.

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Definitions:

Neutral

Not taking sides in a conflict or dispute; impartial.

Electrical Charge

A physical property of matter that causes it to experience a force when placed in an electromagnetic field, with two types: positive and negative.

CO₂

Carbon dioxide, a colorless, odorless gas produced by burning carbon and organic compounds and by respiration.

Midline

An imaginary line that divides the body into equal right and left halves.