Consider the Production Possibilities Frontier in the Figure Shown

question 30

Multiple Choice

Consider the production possibilities frontier in the figure shown. As more and more cars are produced the opportunity cost of producing more cars:

• A) decreases.
• B) stays the same.
• C) increases.
• D) decreases then increases.

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Definitions:

Openness to Experience

A personality trait characterized by a willingness to try new things and be open to new experiences and ideas.

Personality Factor

An aspect of personality that can be measured and represents significant variation among individuals.

Narrow-Minded

Having a limited or inflexible perspective, often unwilling to consider alternative ideas or viewpoints.

Patterns of Behavior

Repeated actions or reactions that occur in a predictable manner, often based on habits, culture, or psychological conditioning.