Multiple Choice
A production possibilities curve will be concave as opposed to straight line if
A) the law of increasing opportunity costs applies.
B) some resources cannot be easily adapted to different tasks.
C) the opportunity cost of the production of a good increases as more of it is produced.
D) all of the above
Correct Answer:
Verified
Correct Answer:
Verified
Q15: Which of the following will not shift
Q16: The use of large amounts of labor
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Q21: Exhibit 3-9 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5768/.jpg" alt="Exhibit 3-9
Q22: Which of the following would be likely
Q23: The production possibilities curve marks the boundary
Q24: Exhibit 3-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5768/.jpg" alt="Exhibit 3-2
Q25: Exhibit 3-9 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5768/.jpg" alt="Exhibit 3-9