If a Production Possibility Frontier (PPF)is Drawn Concave to the Origin,with

question 2

Multiple Choice

If a production possibility frontier (PPF) is drawn concave to the origin,with the quantity of shoes on the X-axis and the quantity of T-shirts on the Y-axis,a movement upward along the PPF reflects:

• A)an increasing opportunity cost of producing T-shirts.
• B)an increasing opportunity cost of producing shoes.
• C)constant opportunity cost of producing T-shirts.
• D)constant opportunity cost of producing shoes.

---

Definitions:

Randomly Select

The process of choosing items or individuals from a population such that each has an equal chance of being chosen.

Sample

A subset of individuals or observations taken from a larger population for the purpose of statistical analysis.

Nonresponse Error

Nonresponse Error occurs in statistical surveys when the answers of respondents differ from the potential answers of those who did not respond, potentially leading to bias in the results.

Mail Survey

A research method involving the distribution of questionnaires sent through the postal service to collect data from respondents.