Which Statement Best Describes the Opportunity Cost Evident in the Production

question 143

Multiple Choice

Which statement best describes the opportunity cost evident in the production possibilities frontier (PPF) for the accompanying figure?

• A) The law of increasing relative cost applies because the PPF is a straight line.
• B) The law of increasing relative cost applies because the PPF is bowed outward.
• C) The opportunity cost is constant because the PPF is a straight line.
• D) The opportunity cost is constant because the PPF is bowed outward.
• E) The opportunity cost decreases because the line has negative slope.

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Definitions:

Anti-War Movement

Social movements, usually in opposition to a specific war or military conflict, advocating for peace and cessation of conflict.

Cold War

A period of geopolitical tension between the Soviet Union and the United States and their respective allies from the late 1940s through the early 1990s, characterized by threats, propaganda, and other measures short of open warfare.

Draft-Age Males

Men within a certain age range who are eligible to be conscripted into military service, typically during times of war.

Women's Liberation

The movement aimed at achieving equality for women in all aspects of society, including political, social, and economic rights.