The Bowed-Out (Concave)shape of a Production Possibilities Frontier

question 98

Multiple Choice

The bowed-out (concave) shape of a production possibilities frontier

• A)is due to the equal usefulness of resources in all activities.
• B)is due to capital accumulation.
• C)is due to technological change.
• D)reflects the existence of increasing opportunity cost.
• E)reflects the existence of decreasing opportunity cost.

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