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If a country's production possibilities boundary is drawn as a straight (downward-sloping) line it indicates

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If a country's production possibilities boundary is drawn as a straight (downward-sloping) line it indicates

If a country's production possibilities boundary is drawn as a straight (downward-sloping) line it indicates

▸ constant opportunity cost of producing more of either good.

▸ decreasing opportunity cost of producing more of either good.

▸ increasing opportunity cost of producing more of either good.

▸ the use of the scarce resources in an economy.

▸ an unfair distribution of resources in an economy.

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Microeconomics

Edition: 17^th

Author: Ragan

Read 36 times

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