Examlex
Which of the following statements is FALSE?
Bowed Out
A term used to describe the shape of a production possibilities frontier that demonstrates increasing opportunity costs.
Resources
This term refers to assets, materials, and components that can be used to produce goods and services.
Productive Inputs
Resources used in the production of goods and services, including labor, capital, and raw materials.
Outward Shift
A movement of the supply or demand curve to the right, indicating an increase in supply or demand.
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