If the Production Possibilities Frontier Is a Straight Line

question 129

Multiple Choice

If the production possibilities frontier is a straight line,

• A)its slope will equal -1
• B)resources must not be used efficiently
• C)resources must be unemployed
• D)society must not be using the latest technology
• E)resources must be equally adaptable at producing either product

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Definitions:

Prejudice

A preconceived opinion or bias against someone or something without reasonable justification.

Stereotyping

The act of assigning generalized attributes to an individual or group based on perceived membership in a certain category.

Social Norms

The accepted behaviors within a society or group.

Economic Cause

Factors related to the economy that can lead to various outcomes, such as changes in employment rates, inflation, or economic growth.