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The Bowed-Out-From-The-Origin Shape of the Production Possibilities Curve Indicates That

Question 27

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The bowed-out-from-the-origin shape of the production possibilities curve indicates that resources are


A) equally well-suited to production of both goods
B) not being used efficiently
C) not always of equal quality and some are better suited to the production of one type of good than others
D) increasing as more of one good is produced
E) of an increasingly inferior quality

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