What does the slope of the production possibilities curve ...

[ssal]

What does the slope of the production possibilities curve represent? Explain.
 
  What will be an ideal response?

Question 2

The assumption that other things are constant is also known as the
 
  A) ceteris paribus assumption.
  B) rational self-interest assumption.
  C) distinguishing characteristic of economics as a science.
  D) relationships assumption.

[juiceman1987]

Answer to Question 1

It represents the trade-off between two goods from two points on the PPC. Specifically, as we move from one point to another, in order to produce more of one good, we must trade-off or give up the other good. If the trade-off is constant, then the slope is constant along the PPC and the PPC is a straight line. If the trade-off increases, then the slope is increasing along the PPC and the PPC is bowed outward.

Answer to Question 2

A

[ssal]

TYSM

[Liamb2179]

Gracias!