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    Exam 3: The Fundamental Economic Problem: Scarcity and Choice
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    Figure 3-2 -In Figure 3-2, the Production Possibilities Frontier Has a Bowed-Out
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Figure 3-2 -In Figure 3-2, the Production Possibilities Frontier Has a Bowed-Out

Question 97

Question 97

Multiple Choice

Figure 3-2 Figure 3-2   -In Figure 3-2, the production possibilities frontier has a bowed-out shape because of the law of A) decreasing costs. B) increasing costs. C) demand. D) comparative advantage.
-In Figure 3-2, the production possibilities frontier has a bowed-out shape because of the law of


A) decreasing costs.
B) increasing costs.
C) demand.
D) comparative advantage.

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