Which one of the following statements is a reason for the negative slope of PPF?
A. The inverse relationship between the use of technology and the use of natural resources.
B. Scarcity at any point of time due to limited amounts of productive resources.
C. Resource specialisation.
D. Increasing opportunity costs.
Answer:B
Which one of the following statements is a reason for the negative slope of PPF?
A. The inverse relationship between the use of technology and the use of natural resources. B. Scarcity at any point of time due to limited amounts of productive resources. C. Resource specialisation. D. Increasing opportunity costs.