Card 1 of 20
The opportunity cost of gaining one good, measured in units of the other good.
A
What does the slope of a PPC measure?
B
The income earned from producing one good, measured in currency.
C
The productive efficiency of an economy, measured as a percentage.
D
The total output of both goods, measured in physical units.
Card 1 of 20
1.5.2 shape of the PPC: constant and increasing opportunity costs Flashcards
20 flashcards on CIE Intl A Level Economics 1.5.2 shape of the PPC: constant and increasing opportunity costs: the key terms and definitions you need to recall.