When the Production Possibilities Frontier Is Bowed Outwards, the Opportunity

question 89

Multiple Choice

When the production possibilities frontier is bowed outwards, the opportunity cost of producing more of one good

• A) increases in terms of the amount foregone of the other good.
• B) decreases in terms of the amount foregone of the other good.
• C) remains constant.
• D) cannot be determined.

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Definitions:

Ash Columns

Vertical plumes of volcanic ash and gas that are ejected into the atmosphere during an explosive volcanic eruption.

Lava Domes

Rounded, bulbous mounds of viscous lava that are formed by the slow eruption of lava from a volcano.

Lava Fountain

A jet of molten lava that is ejected into the air from a volcanic vent.

Pyroclastic Column

A dense cloud of hot ash, gas, and volcanic matter that rises above a volcano during an explosive eruption.