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Which of the Following Best Describes What Occurs Along a Bowed-Out

Question 15

Multiple Choice

Which of the following best describes what occurs along a bowed-out production possibilities curve?


A) The opportunity cost of production of a good rises as its output increases.
B) Resources can be transferred from one productive activity to another without requiring a sacrifice.
C) The opportunity cost of production of a good is zero.
D) The opportunity cost of production of a good falls as its output increases.

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