The Law of Increasing Opportunity Cost Explains Why the Shape

question 99

Multiple Choice

The law of increasing opportunity cost explains why the shape of the production possibilities curve is:

• A) a straight line parallel to the horizontal axis.
• B) a straight line from one axis to the other.
• C) bowed out (concave)from the origin of the graph.
• D) bowed inward (convex)to the origin of the graph.

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