The BP curve is upward sloping if assets are perfectly ...

[Davideckstein7]

The BP curve is upward sloping if assets are perfectly substitutable.
 
  Indicate whether the statement is true or false

Question 2

If a production possibilities frontier is bowed out (concave to the origin), then production occurs under conditions of
 
  A) constant opportunity costs.
  B) increasing opportunity costs.
  C) decreasing opportunity costs.
  D) infinite opportunity costs.
  E) uncertain opportunity costs.

[Anna]

Answer to Question 1

FALSE

Answer to Question 2

B