Economics · Production Possibilities Curve
In relation to the Production Possibilities Curve (PPC), which of the following statements is INCORRECT?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The slope of the Production Possibilities Curve at any given point is called the marginal rate of transformation.
- 2The Production Possibilities Curve is also called the production possibility frontier.
- 3The Production Possibilities Curve always slopes upwards from left to right.✓
- 4The Production Possibilities Curve is concave to the origin because the marginal rate of transformation goes on increasing.
Correct answer
The Production Possibilities Curve always slopes upwards from left to right.
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