The negative slope of the production possibilities curve is a graphical way of indicating that:

A) any economy "can have its cake and eat it too."
B) to produce more of one product we must do with less of another.
C) the principle of increasing opportunity costs applies to only parts of the economy.
D) consumers buy more when prices are low than when prices are high.

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rachel delatorre · Accepted Answer

Final Answer : B, Explanation :  The negative slope of the production possibilities curve indicates that in order to produce more of one good, we must do with less of another. This is because resources are limited and must be utilized in the most efficient way possible. As we shift resources from producing one good to the other, the opportunity cost of producing the second good increases. Thus, the negative slope of the curve reflects the principle of increasing opportunity costs, which applies to all parts of the economy.

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