Suppose You Find a Production Possibilities Frontier (PPF)that Is Shaped

question 71

Multiple Choice

Suppose you find a production possibilities frontier (PPF) that is shaped like a straight line.What can you determine about the production of the two goods?

• A) Production of the two goods is subject to decreasing relative cost.
• B) Production of the two goods is subject to increasing relative cost.
• C) Production of the two goods is subject to constant opportunity cost anywhere along the PPF.
• D) One producer must have an absolute advantage in production.
• E) More resources will not cause the PPF to shift.

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Definitions:

Adenine

A nitrogenous base found in DNA and RNA, which pairs with thymine in DNA and uracil in RNA.

Thymine

One of the four nucleobases in the DNA molecule represented by the letter T, pairing with adenine (A).

Guanine

One of the four main nucleobases found in DNA and RNA, which pairs with cytosine in double-stranded DNA.

DNA Codon

A sequence of three nucleotides in DNA that specifies the inclusion of a particular amino acid in a protein or indicates a start or stop signal in protein synthesis.