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.

---

Definitions:

Reaction Time

The duration between the onset of a stimulus and the initiation of a response or action.

Emerging Adulthood

A developmental phase occurring roughly between the ages of 18 to 25, characterized by exploration, instability, and self-focus as individuals transition to adulthood.

Young Adulthood

A life stage that typically covers the late teens through the twenties, characterized by significant physical, emotional, and social development.

Late Adolescence

Late adolescence typically refers to the period from ages 15 to 18, characterized by significant physical, psychological, and social developments as individuals transition to adulthood.