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Author Question: If the production possibilities curve is a straight line: a. opportunity costs increase as output ... (Read 134 times)

Jramos095

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on: Jun 30, 2018
If the production possibilities curve is a straight line:
 a. opportunity costs increase as output of either commodity is expanded.
 b. resources are not equally substitutable between the production of the goods.
 c. opportunity costs are negative.
 d. as an increasing quantity of resources are shifted from one manufacturing process (good Y) to another (good X), there is no increase in opportunity cost.

Question 2

It is absolutely necessary for at least one trader to have money for barter exchange to take place.
 a. True
  b. False
  Indicate whether the statement is true or false


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karlss

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

False


Jramos095

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

lcapri7

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Reply 3 on: Yesterday
Excellent

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