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Production Possibilities Frontier (PPF) - Introduction and Productive Efficiency
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Production Possibilities Frontier (PPF) - Introduction and Productive Efficiency
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2. Introductory Economic Models / Production Possibilities Frontier (PPF) - Introduction and Productive Efficiency / Problem 9
Problem 9
What does the slope of the PPF curve indicate about opportunity costs?
A
The slope represents the opportunity cost of one good in terms of the other.
B
The slope is irrelevant to opportunity costs.
C
The slope indicates the total production capacity of the economy.
D
The slope shows the level of unemployment in the economy.
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