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If there is always a three-for-one tradeoff between goods X and Y, then the PPF between X and Y is

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If there is always a three-for-one tradeoff between goods X and Y, then the PPF between X and Y is

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a downward-sloping curve that is bowed outward.

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a downward-sloping curve that is bowed inward.

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a downward-sloping straight line.

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an upward-sloping straight line.

Textbook

Economics

Edition: 12^th

Author: Arnold

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studytime

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The existence of the tradeoff along the PPF means that the PPF is

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