If a country has a straight (downward sloping) production ...

[Medesa]

If a country has a straight (downward sloping) production possibilities frontier, then production is said to be subject to
 
  A) constant opportunity costs.
  B) decreasing opportunity costs.
  C) first increasing and then decreasing opportunity costs.
  D) increasing opportunity costs.

Question 2

Agriculture, clothing, and textiles are singled out for treatment in the chapter because
 
  A) they tend to be the most highly protected sectors of industrial economies.
  B) they tend to be the least-protected sectors internationally.
  C) the policies of high-income nations in these sectors may have harmful effects in low-income countries.
  D) A and C are both correct.
  E) B and C are both correct.

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Answer to Question 1

A

Answer to Question 2

D