If There Are Increasing Opportunity Costs of Production, the Production

question 117

True/False

If there are increasing opportunity costs of production, the production possibilities curve will bow inward.

---

Definitions:

75 Percent

This refers to a quantity, rate, or proportion representing three quarters (75 out of 100) of a whole or total.

Platt Amendment

An amendment passed in 1901 that stipulated the conditions for the withdrawal of United States troops remaining in Cuba after the Spanish-American war, greatly influencing Cuba's sovereignty.

Cuban Affairs

Refers to the political, social, and economic activities and policies involving Cuba and its relationship with other countries.

United States

A federal republic in North America comprising 50 states, a federal district, five major self-governing territories, and various possessions.