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 scarcity.\nd. a production possibilities curve illustrates the concept of opportunity cost.

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 scarcity.\nd. a production possibilities curve illustrates the concept of opportunity cost.

Answer

Brief Explanations:

A linear production - possibilities curve implies constant opportunity costs, not increasing opportunity costs. Production - possibilities curves do illustrate concepts like efficiency, scarcity, and opportunity cost.

Answer:

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