On a Straight-Line Production Possibilities Frontier, Which of the Following

question 102

Multiple Choice

On a straight-line production possibilities frontier, which of the following is true?

• A)The problem of scarcity does not exist.
• B)Resources are imperfect substitutes.
• C)Opportunity costs are constant.
• D)Technology is rapidly expanding.
• E)Some resources are not being used efficiently.

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Definitions:

Expectation

The belief or anticipation about the occurrence of something in the future or about receiving something.

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