In General, Production Possibilities Curves Are "Bowed Out" Because

question 12

Multiple Choice

In general, production possibilities curves are "bowed out" because:

• A)it's wasteful to produce too much of any one good.
• B)people generally prefer to consume goods in appropriate combinations.
• C)of the law of increasing opportunity cost.
• D)of the law of demand.

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Definitions:

Policies

Established guidelines, rules, or procedures designed to influence or determine decisions and actions within an organization.

Prohibit

To formally forbid something by law, rule, or other authority.

Calm

A state of peacefulness and tranquility, characterized by freedom from disturbance or agitation.

Team Player

Works cooperatively with a group of people.