If Additional Units of Output Could Be Produced at Constant

question 99

Multiple Choice

If additional units of output could be produced at constant opportunity cost, the production possibilities curve would be:

• A)bowed inward toward the origin.
• B)bowed outward away from the origin.
• C)positively sloped with a concave curvature.
• D)a straight line with a negative slope.
• E)positively sloped with a convex curvature.

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Definitions:

Pre-Civil War Elite

The social, political, and economic upper class in American society before the outbreak of the Civil War, often associated with slave ownership and large plantations.

Tenure Of Office Act

1867 law that required the president to obtain Senate approval to remove any official whose appointment had also required Senate approval; President Andrew Johnson’s violation of the law by firing Secretary of War Edwin Stanton led to Johnson’s impeachment.

Andrew Johnson

The 17th President of the United States, who served from 1865 to 1869, succeeding Abraham Lincoln and facing significant challenges during the Reconstruction era.

Impeachment

Bringing charges against a public official; for example, the House of Representatives can impeach a president for “treason, bribery, or other high crimes and misdemeanors” by majority vote, and after the trial the Senate can remove the president by a vote of two-thirds. Two presidents, Andrew Johnson and Bill Clinton, have been impeached and tried before the Senate; neither was convicted.