--%>

Opportunity Costs-Linear possibility frontier

I have a problem in economics on Opportunity Costs. Please help me in the following question. The linear (or straight line) production possibilities frontier would mean that the opportunity costs are: (i) increasing. (ii) Decreasing. (iii) Constant. (iv) Diminishing.

Select the right answer.

   Related Questions in Econometrics

  • Q : Random Selection-Allocative Mechanisms

    I have a problem in economics on Random Selection-Allocative Mechanisms. Please help me in the following question. Choosing military draftees by lottery entails an allocative method of: (i) Egalitarianism. (ii) Arbitrary selection. (iii) Brute force.

  • Q : US production capacity during war Can

    Can someone help me in finding out the right answer from the given options. The economic impact of the World War II on U.S. civilian living standards was: (w) Rigorous since military production skyrocketed. (x) Worse than in almost any other enemy cou

  • Q : Problem on Converging Systems I have a

    I have a problem in economics on Converging Systems. Please help me in the following question. The United States free market system: (1) Is a purely laissez-faire system. (2) Consists of complete and well stated property rights. (3) Has been largely u

  • Q : Free goods Scarcity The government

    The government decision makers in all societies can most simply and safely avoid: (i) Questions regarding "what, how, and for whom?" (ii) Free goods. (iii) The effects of scarcity. (iv) Issues of the income distribution. (v) Economic inefficiency.

    Q : Problem on Reliance on

    Can someone help me in determining the right answer from the given options. Reliance on first-come, first-served allocations is termed: (1) Queuing. (2) Superior at lowering the opportunity costs for busy people. (3) The fairest system if goods are sc

  • Q : Technology and Economic Growth

    Technological advances in the food production would make it probable to generate: (1) 40 units of food and a few clothing. (2) More than 40 units of food. (3) 70 units of clothing and greater than 20 units of food. (4) All of the above.

    Q : Technological advances in allocative

    I have a problem in economics on Technological advances in allocative mechanisms. Please help me in the following question. Not among major kinds of allocative methods would be: (i) Technological advances. (ii) Government. (iii) Queuing. (iv) Traditio

  • Q : Circular Flows-Combine resources The

    The structure of a circular flow model prevents the possibility that corporations eventually: (1) Generate goods. (2) Produce revenue by selling the products. (3) Combine the resources inefficiently. (4) Bear the load of lost purchasing power from tax

  • Q : Economic growth Why are democratic

    Why are democratic regimes more conducive to economic growth than dictatorship?

  • Q : Economics “Due to lower grain prices,

    “Due to lower grain prices, consumers can expect retail prices of choice beef to begin dropping slightly this spring with pork becoming cheaper after midsummer,” the Agriculture Department predicted. “This reflects increasing supply,” the department said. Does the statement use the term “supply” cor