The Slope of a Production Possibility Frontier

question 135

Multiple Choice

The slope of a production possibility frontier

• A) has no economic relevance or meaning.
• B) is always constant.
• C) is always varying.
• D) measures the opportunity cost of producing one more unit of a good.

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Definitions:

Economic Growth

The increase in a country's production of goods and services, reflected in its gross domestic product (GDP) over time.

Urban Areas

Regions characterized by high population density and vast human features in comparison to areas surrounding them.

Rural Centers

Small communities or towns located in the countryside, often serving as local hubs for commerce, government, and social activity.

White Farmers

Refers to European-descendant agricultural producers in various historical contexts, often owning land and labor.