Figure 3-2 -In Figure 3-2, the Production Possibilities Frontier Has a Bowed-Out

question 97

Multiple Choice

Figure 3-2
-In Figure 3-2, the production possibilities frontier has a bowed-out shape because of the law of

• A)decreasing costs.
• B)increasing costs.
• C)demand.
• D)comparative advantage.

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Definitions:

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Rejects Foods

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Newborn

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Water With Sugar

A simple homemade remedy often thought to provide temporary relief for a variety of ailments, although its effectiveness is largely anecdotal.