If the Production Possibilities Frontier Is Linear,then

question 68

Multiple Choice

If the production possibilities frontier is linear,then

• A)opportunity costs are decreasing as more of one good is produced.
• B)it is easy to efficiently produce output.
• C)opportunity costs are increasing as more of one good is produced.
• D)opportunity costs are constant as more of one good is produced.

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Definitions:

Strict Product Liability

A legal doctrine that holds manufacturers, distributors, or sellers liable for damages caused by defective products, irrespective of negligence or fault.

Defendant

An individual or entity sued or accused in a court of law.

Plaintiff

The party who initiates a lawsuit in a civil court, alleging harm or a wrong done by the defendant.

Costs

The monetary value associated with the production, acquisition, and maintenance of goods or services.