Answer:
Consider the following combinations of guns and butter that can be produced: 0 guns, 20,000 units of butter; 5,000 guns, 15,000 units of butter; 10,000 guns, 10,000 units of butter; 15,000 guns, 5,000 units of butter; 20,000 guns, 0 units of butter. The PPF between guns and butter is
a downward-sloping bowed-out curve.
a downward-sloping straight line.
an upward-sloping straight line.
It is impossible to answer this question without knowing which good would be plotted on the vertical axis.
the answer is a downward sloping straight line
Explanation:
The production possibility frontier shows the possible combination of commodities that can be produced in an economy given the efficient use of all available resources.
The production possibility curve of guns and butter will be a downward sloping line showing the opportunity cost of producing more guns at the expense of producing butter and vice versa.
The attachment below gives a graphical illustration to the answer.
