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Chako Chako
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8 years ago
If a country produces good Y (measured on the vertical axis) and good X (measured on the horizontal axis), then the absolute value of the slope of its production possibility frontier is equal to
A) the opportunity cost of good Y.
B) the opportunity cost of good X.
C) the price of good Y divided by the price of good X.
D) the price of good X divided by the price of good Y.
E) the cost of capital (assuming that good Y is capital intensive) divided by the cost of labor.
Textbook 
International Economics: Theory and Policy

International Economics: Theory and Policy


Edition: 10th
Author:
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machukianmachukian
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8 years ago
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Chako Author
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#2
8 years ago
Correct!
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#3
7 years ago
Thanks for the feedback, I'm sure others will appreciate it too
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