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.

---

Definitions:

Assumptive Worlds

The view that people live in social worlds based on certain beliefs (assumptions) about reality

Accessibility

How easily something comes to mind

Downward Comparisons

A psychological strategy where individuals compare themselves to others who are worse off in order to feel better about their own situation.

Presumptive Reasoning

A form of logical thinking that makes assumptions based on general rules or past experiences, leading to conclusions that are taken as likely true.