The Reason the Production Possibilities Curve Is Bowed Outward (Concave)

question 208

Multiple Choice

The reason the production possibilities curve is bowed outward (concave) is

• A) the law of increasing additional cost.
• B) that technology is constantly changing.
• C) that the number of resources is increasing.
• D) that the economy has more capital goods than entrepreneurial effort.

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Definitions:

ADHD

Attention Deficit Hyperactivity Disorder, a neurodevelopmental disorder characterized by inattention, hyperactivity, and impulsivity.

Onset

The beginning or start of something, often used in reference to the initial appearance of symptoms or conditions.

Age 3

A developmental milestone age for children, often characterized by significant growth in language, cognitive abilities, and social interaction skills.

Age 7

This typically refers to the developmental stage of children around seven years old, considered significant in various psychological and educational frameworks.