In Terms of the Production Possibilities Diagram, the Principle of Increasing

question 81

Multiple Choice

In terms of the production possibilities diagram, the principle of increasing cost simply asserts that the frontier is

• A)downward sloping.
• B)upward sloping.
• C)bowed inward.
• D)bowed outward.
• E)undefined, because no market will exist in this case.

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Definitions:

Less Developed Sense

A sensory capability that is underdeveloped or less acute compared to other senses in an individual or species.

Olfaction

The sense of smell, a chemical sensing system that allows the detection and identification of odors in the environment.

Vision Perceiving

The ability to interpret and make sense of visual stimuli in the environment through the process of sight.

Kinesthetic

Kinesthetic relates to the perception of body movements and position, often referred to as muscle memory or the sense of body awareness.