If a Production Possibilities Frontier (PPF) of an economy is a linear curve, what does it means?А.The economy is facing constant opportunity costThe economy is facing decreasing opportunity costC.The economy is facing a dynamic opportunity costD.The economy is facing increasing opportunity costB. Property rights are important to a market economy because:А.It provides a medium of exchange and accepted as a means of paymentВ.It provides an regulations for use, selling and buying of an resourcesC.Property rights are important to a market economy because:D.It provides a mechanism that serve as medium of interaction between buyer and sellers.B.

If a Production Possibilities Frontier (PPF) of an economy is a linear curve, what does it means? А. The economy is facing constant opportunity cost В. The economy is facing decreasing opportunity cost C. The economy is facing a dynamic opportunity cost D. O The economy is facing increasing opportunity cost

If a Production Possibilities Frontier (PPF) of an economy is a linear curve, what does it means? А. The economy is facing constant opportunity cost В. The economy is facing decreasing opportunity cost C. The economy is facing a dynamic opportunity cost D. O The economy is facing increasing opportunity cost

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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