A Country's Production Possibilities Curve Is Concave to the Origin

question 69

Multiple Choice

A country's production possibilities curve is concave to the origin (i.e. ,bowed out from the origin) because

• A) of the principle of scarcity.
• B) the production of one good is expanded by first employing those resources with an absolute advantage.
• C) the production of one good is expanded by first employing those resources with the lowest opportunity cost.
• D) there is a trade off that requires a decrease in the production of one good in order to increase the production of the other good.
• E) of the principle of absolute advantage.

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Definitions:

Ethical Responsibility

The duty to act in a morally sound way, considering the consequences of one's actions on others.

Voluntary Dimension

An aspect or attribute that is chosen freely or without compulsion, often relating to decisions or actions.