Multiple Choice
The production possibilities curve for capital and consumer goods is concave to the origin because:
A) of decreasing opportunity costs of production.
B) resources are not perfectly adaptable to the production of both goods.
C) both consumer goods and capital goods equally contribute to economic growth.
D) the level of technology along the frontier is assumed to vary.
E) of constant returns to scale.
Correct Answer:

Verified
Correct Answer:
Verified
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