The PPF Between Goods X and Y Will Be a Downward-Sloping

question 21

Multiple Choice

The PPF between goods X and Y will be a downward-sloping

• A) straight line if increasing opportunity costs exist.
• B) straight line if decreasing opportunity costs exist.
• C) curve that is bowed outward if increasing opportunity costs exist.
• D) curve that is bowed outward if constant opportunity costs exist.

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