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

---

Definitions:

Salaries Payment

The process of distributing money to employees as compensation for their work.

Prepaid Subscriptions

Payments made in advance for subscription-based services, recognized as an asset until the service period has been fulfilled.

Calendar-Year

A one-year period that begins on January 1 and ends on December 31, used as the financial year by many countries and organizations.

Adjustment

A modification made to accounts or financial statements to correct them or to reflect changes in economic circumstances.