THE FOLLOWING ECONOMY PRODUCES TWO PRODUCTS.REFER TO THE ABOVE TAB...

78. The following economy produces two products.Refer to the above table. The opportunity cost of each additional tank in terms of autos:remains constant.falls as more tanks are produced.→ increases as more tanks are produced.cannot be measured because there is no currency. AACSB: AnalyticBlooms: UnderstandDifficulty: 2 MediumLearning Objective: 01-05 Apply production possibilities analysis; increasing opportunity costs; and economic growth.Multiple Choice Question Topic: Production possibilities model