The Production Possibilities Curve for Two Products Is Bowed Out

question 8

Multiple Choice

The production possibilities curve for two products is bowed out because

• A) as the production of a good increases, opportunity cost increases.
• B) as the production of a good increases, opportunity cost is unchanged.
• C) the qualities of the resources are not identical.
• D) there are unemployed resources.

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Definitions:

Reasonableness

The quality of being fair, sensible, and appropriate in judgment or action, often evaluated in legal contexts to determine the morality or legality of actions.

Disclosing Personal Information

Revealing or releasing personal data or information about an individual to another party.

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Provincial Privacy Legislation

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