Multiple Choice
Opportunity cost is illustrated on the production possibilities curve by a
A) bowed-out shape of the curve.
B) shift to the right of the curve.
C) shift to the left of the curve.
D) movement along the curve.
Correct Answer:

Verified
Correct Answer:
Verified
Q334: Which of the following are considered factors
Q335: All of the following are economic resources,
Q336: All of the following are assumptions of
Q337: Explain the concept of the law of
Q338: Opportunity cost is<br>A) the intrinsic value of
Q340: In the above figure, the opportunity cost
Q341: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -In the above
Q342: To an economist, the term "needs"<br>A) refers
Q343: The production possibilities curve represents the maximum
Q344: Which factor of production includes crude oil