which of the following statements about production possibilities curves is not true?\na. a linear production…

which of the following statements about production possibilities curves is not true?\na. a linear production possibilities curve illustrates the concept of efficiency\nb. a linear production possibility curve illustrates the concept of increasing opportunity costs\nc. a production possibilities curve illustrates the concept of opportunity cost\nd. a production possibilities curve illustrates the concept of scarcity

which of the following statements about production possibilities curves is not true?\na. a linear production possibilities curve illustrates the concept of efficiency\nb. a linear production possibility curve illustrates the concept of increasing opportunity costs\nc. a production possibilities curve illustrates the concept of opportunity cost\nd. a production possibilities curve illustrates the concept of scarcity

Answer

Brief Explanations:

A linear production - possibility curve implies constant opportunity costs, not increasing opportunity costs. A production - possibilities curve does illustrate concepts of efficiency, opportunity cost, and scarcity.

Answer:

B. A linear production possibility curve illustrates the concept of increasing opportunity costs.