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Production Possibilities Curves for Large Economies Generally Have an Outward

Question 20

Multiple Choice

Production possibilities curves for large economies generally have an outward bow shape because:


A) specialization gives some producers a comparative advantage.
B) opportunity costs tend to decrease with increases in production.
C) opportunity costs tend to increase with increases in production.
D) as more resources are used to produce the same good, those resources become less and less expensive.

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