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Refer to the Diagram Below

Question 3

Multiple Choice

Refer to the diagram below. The concave shape of each production possibilities curve indicates that: Refer to the diagram below. The concave shape of each production possibilities curve indicates that: A) resources are perfectly substitutable. B) wants are virtually unlimited. C) prices are constant. D) resources are not equally suited for alternative uses.


A) resources are perfectly substitutable.
B) wants are virtually unlimited.
C) prices are constant.
D) resources are not equally suited for alternative uses.

Correct Answer:

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