The Opportunity Cost of a Good Is Always Constant If

question 18

Multiple Choice

The opportunity cost of a good is always constant if the production possibility frontier is:

• A)a downward-sloping straight line.
• B)concave to the origin.
• C)convex to the origin.
• D)negatively sloped.

---

Definitions:

Specific

refers to something clearly defined or identified, often used to describe a particular detail, requirement, or characteristic.

Power Tactics

Strategies and techniques deployed by individuals or groups to manipulate or influence others to gain authority or achieve goals.

Unilateral Vs. Bilateral

Describes two types of relationships or agreements; unilateral involves one party or side only, whereas bilateral involves mutual or reciprocal action from two parties or sides.

Soft Vs. Hard

Describes approaches or methods that vary in their level of directness, force, or rigidity, often used in the context of negotiations or leadership styles.