The Production Possibilities Curve Bows Out Because

question 328

Multiple Choice

The production possibilities curve bows out because

• A) production is efficient.
• B) of the law of increasing additional cost.
• C) production is inefficient.
• D) resources are not being fully utilized.

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Definitions:

The Philippines

An archipelagic country in Southeast Asia composed of over 7,000 islands known for its rich history, diverse culture, and natural beauty.

Imperialistic Policies

Strategies and practices by which a country extends its power and dominion, often through military force or by gaining political and economic control of other areas.

East Asia

A region in Asia that encompasses countries such as China, Japan, Korea, and Mongolia, known for its unique cultures, economies, and historical influences.

Pacific

Refers to the Pacific Ocean, the largest and deepest of Earth's oceanic divisions, spanning from the Arctic in the north to the Southern Ocean in the south.