Solved

The Diagram Below Shows Two Production Possibilities Boundaries for Country

Question 83

Multiple Choice

The diagram below shows two production possibilities boundaries for Country X. The diagram below shows two production possibilities boundaries for Country X.   FIGURE 1- 3 -Refer to Figure 1- 3. That the production possibilities boundaries are drawn concave to the origin reflects the A)  unfair distribution of resources in the economy. B)  constant opportunity cost of producing more of either good. C)  decreasing opportunity cost of producing more of either good. D)  increasing opportunity cost of producing more of either good. E)  scarcity of resources in the economy. FIGURE 1- 3
-Refer to Figure 1- 3. That the production possibilities boundaries are drawn concave to the origin reflects the


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

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions