If There Is Always a 4-For-1 Tradeoff Between Producing Good

question 101

Multiple Choice

If there is always a 4-for-1 tradeoff between producing good X and good Y,it follows that the opportunity cost of X (in terms of Y) ____________________ and the PPF for these two goods is ______________________.

• A) decreases at low levels of X; a straight line
• B) rises at high levels of Y; bowed-outward
• C) decreases at high levels of X; bowed-outward
• D) is always the same; a straight line

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Definitions:

Face-To-Face Interaction

Direct communication between two or more people, taking place in person.

Form

A structured document with spaces in which to write or select, for a series of documents with similar contents.

Channel

The medium through which a message is transmitted from sender to receiver, such as spoken word, writing, or digital communication.

Outperform

To do better than others or exceed expectations in a particular task or performance metric.