The Diagram Below Shows Two Production Possibilities Boundaries for Country

question 101

Multiple Choice

The diagram below shows two production possibilities boundaries for Country X. FIGURE 1-4 Refer to Figure 1-4.The production possibilities boundaries are drawn concave to the origin.What does this shape of the PPB demonstrate?

• A)the decreasing opportunity cost of producing more of either good
• B)the scarcity of resources in the economy
• C)the constant opportunity cost of producing more of either good
• D)the unfair distribution of resources in the economy
• E)the increasing opportunity cost of producing more of either good

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Definitions:

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