Friday, July 8, 2011

On a straight-line production possibilities frontier, which of the following is true?

ECONOMICS

Multiple Choice

Multiple Choice

On a straight-line production possibilities frontier, which of the following is true?

a.The problem of scarcity does not exist.

b.Resources are imperfect substitutes.

c.Opportunity costs are constant.

d.Technology is rapidly expanding.

e.Some resources are not being used efficiently

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