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villain villain
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7 months ago

Consider the following combinations of guns and butter that can be produced: 0 guns, 20,000 units of butter; 5,000 guns, 15,000 units of butter; 10,000 guns, 10,000 units of butter; 15,000 guns, 5,000 units of butter; 20,000 guns, 0 units of butter. The PPF between guns and butter is



a downward-sloping bowed-out curve.



a downward-sloping straight line.



an upward-sloping straight line.



It is impossible to answer this question without knowing which good would be plotted on the vertical axis.

Textbook 
Economics

Economics


Edition: 12th
Author:
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twogat123twogat123
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7 months ago
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villain Author
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7 months ago
Thanks
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Yesterday
This helped my grade so much Perfect
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I appreciate what you did here, answered it right Smiling Face with Open Mouth
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