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.
Correct Answer:

Verified
Correct Answer:
Verified
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