Which Statement Best Describes the Opportunity Cost Evident in the Production

question 169

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:

Central Nervous System

The part of the nervous system consisting of the brain and spinal cord, which serves as the primary control center for processing and sending out information.

Internal Organs

Organs located inside the body that perform essential functions, such as the heart, liver, and kidneys.

Inhibitory Neurotransmitter

A type of neurotransmitter that decreases the likelihood of the neuron it binds to firing an action potential.

GABA

Gamma-Aminobutyric Acid, a neurotransmitter in the brain that inhibits many neurons from firing, reducing activity in the nervous system.