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A Bowed Out PPF Reflects Which of the Following Ideas

Question 8

Multiple Choice

A bowed out PPF reflects which of the following ideas?
i. increasing opportunity cost
ii. resources are not equally productive in all activities
iii. prices of goods increase over time


A) i, ii, and iii
B) i and iii
C) i and ii
D) i only
E) ii and iii

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