A Production Possibility Curve would be...................................... curve if all the available resources in an economy are equally efficient to produce both the goods.(Choose the correct alternative)
a) a straight line
b) convex to origin
c) concave to origin
d) upward sloping
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"Answer: a (straight line)
A Production Possibility Curve would be straight line curve if all the available resources in an economy are equally efficient to produce both the goods.
By understanding the law of increasing opportunity costs you can know the reasons of PPC curve shape that if a economy give its all the resources to one product then it will not be able to survive.
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Answer:
a straight line
Explanation:
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