If the Production Possibilities Frontier Is a Straight Line

question 129

Multiple Choice

If the production possibilities frontier is a straight line,

• A)its slope will equal -1
• B)resources must not be used efficiently
• C)resources must be unemployed
• D)society must not be using the latest technology
• E)resources must be equally adaptable at producing either product

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Definitions:

Intention To Deceive

refers to the deliberate act of misleading or concealing the truth in order to gain an unfair advantage over someone else.

Restatement

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Materially Different Meanings

Phrases or terms used in legal or contractual contexts that significantly alter the interpretation or understanding from their common usage.

Voidable Contract

A valid agreement that one or more parties can legally cancel if they choose, due to reasons such as fraud or lack of capacity to consent.