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The Bowed-Outward Shape of the Production Possibilities Frontier Can Be

Question 72

Multiple Choice

The bowed-outward shape of the production possibilities frontier can be explained by the fact that


A) all resources are scarce.
B) economic growth is always occurring.
C) the opportunity cost of one good in terms of the other depends on how much of each good the economy is producing.
D) the only way to get more of one good is to get less of the other.

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