The typical production possibilities curve is:
A. an upsloping line that is concave to the origin.
B. A downsloping line that is convex to the origin
C. A downsloping line that is concave to the origin
D. A straight upsloping line
Answer:C
The typical production possibilities curve is:
A. an upsloping line that is concave to the origin. B. A downsloping line that is convex to the origin C. A downsloping line that is concave to the origin D. A straight upsloping line