Question 7

If the production possibilities curve were a straight downsloping line, this would suggest that:

  • A.it is possible to produce more of both products
  • B.resources are perfectly shiftable between the production of these two goods
  • C.both products are equally capable of satisfying consumer wants
  • D.the two products have identical prices
Objective

Question details

Exam body
OAU
Subject
Economics
Year
2011/2012
Question no.
#7
Type
Objective

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