A Production Possibilities Frontier with a Bowed-Outward Shape Indicates

question 180

Multiple Choice

A production possibilities frontier with a bowed-outward shape indicates

• A)the possibility of inefficient production.
• B)constant opportunity costs as more and more of one good is produced.
• C)increasing opportunity costs as more and more of one good is produced.
• D)decreasing opportunity costs as more and more of one good is produced.

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