A production possibilities curve that is bowed out or concave to ...

[silviawilliams41]

A production possibilities curve that is bowed out or concave to the origin:
 a. illustrates a tradeoff in which the opportunity cost of a good increases with the level of its production.
  b. illustrates a tradeoff in which the opportunity cost of a good decreases with the level of its production.
  c. illustrates a tradeoff in which the opportunity cost of a good is constant at all levels of production.
  d. demonstrates the fallacy of composition.

Question 2

If there were no real wealth or interest rate effect, the aggregate demand curve would still be downward sloping.
 a. True
  b. False
  Indicate whether the statement is true or false

[Zack0mack0101@yahoo.com]

Answer to Question 1

c

Answer to Question 2

True

[silviawilliams41]

Thank you

[Zack0mack0101@yahoo.com]

No problemo