Author Question: A production possibilities curve that is bowed out or concave to the origin: a. illustrates a ... (Read 192 times)

silviawilliams41

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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

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Answer to Question 1

c

Answer to Question 2

True



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