A Bowed Out PPF Reflects Which of the Following Ideas

question 35

Multiple Choice

A bowed out PPF reflects which of the following ideas?
i.increasing opportunity cost
ii.resources are not equally productive in all activities
iii.prices of goods increase over time

• A) i only
• B) i and ii
• C) i and iii
• D) ii and iii
• E) i, ii, and iii

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Definitions:

Replacement Traffic Signal

A new traffic light installed to replace an old or malfunctioning one, ensuring safety and efficient traffic flow.

Technology

The use of scientific knowledge for practical purposes, especially in industry and everyday life.

Environmental Signals

Cues or indicators from an individual's surroundings that can influence behavior or decision-making, often considered in marketing and design.

Customer Personality Styles

The classification of customer behaviors and preferences that influence their purchasing decisions.