Solved

The Production Possibilities Frontier Is __________ Because, as More of a Country's

Question 13

Multiple Choice

The production possibilities frontier is __________ because, as more of a country's fixed resources are used to produce an item using the same technology, the opportunity cost of producing the item usually __________.


A) convex; rises
B) convex; falls
C) concave; rises
D) concave; falls

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions