The Absolute Value of the Slope of the Production Possibility

question 260

Multiple Choice

The absolute value of the slope of the production possibility frontier at any point:

• A)gives the autarky price of the good on the vertical axis.
• B)is found by dividing the horizontal change by a vertical change.
• C)gives the quantity of the good on the vertical axis that must be given up to produce an additional unit of the good on the horizontal axis.
• D)gives the autarky price of the good on the horizontal axis relative to the autarky price of the good on the vertical axis.

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Definitions:

Schist

A shiny, foliated, metamorphic rock generally containing abundant visible crystals of mica.

Thrust Fault

A type of fault where the hanging wall moves up relative to the footwall, often associated with the compression of Earth's crust.

Normal Fault

A type of geological fault where the hanging wall has moved downward relative to the footwall, usually due to extensional forces.

Cleavage

In geology, the tendency of a mineral to break along flat, parallel surfaces determined by its crystal structure.