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
Correct Answer:
Verified
Q122: Points outside the production possibilities frontier represent
A)unemployment
Q123: The law of increasing opportunity cost reflects
Q124: If an economy is operating at a
Q125: A point inside the production possibilities curve
Q126: On a production possibilities frontier showing possible
Q128: The typical concave (i.e., bowed-out)shape of the
Q129: Exhibit 2-5 Q130: Along a bowed-out production possibilities frontier, as Q131: Exhibit 2-6 Q132: A production possibilities frontier will be bowed
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