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The Diagram Below Shows Two Production Possibilities Boundaries for Country

Question 54

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The diagram below shows two production possibilities boundaries for Country X.
The diagram below shows two production possibilities boundaries for Country X. FIGURE 1- 4 -Refer to Figure 1- 4.The production possibilities boundaries are drawn concave to the origin.What does this shape of the PPB demonstrate? A) the increasing opportunity cost of producing more of either good B) the decreasing opportunity cost of producing more of either good C) the unfair distribution of resources in the economy D) the scarcity of resources in the economy E) the constant opportunity cost of producing more of either good FIGURE 1- 4
-Refer to Figure 1- 4.The production possibilities boundaries are drawn concave to the origin.What does this shape of the PPB demonstrate?


A) the increasing opportunity cost of producing more of either good
B) the decreasing opportunity cost of producing more of either good
C) the unfair distribution of resources in the economy
D) the scarcity of resources in the economy
E) the constant opportunity cost of producing more of either good

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