If a Production Possibilities Frontier Is Bowed Out (Concave to the Origin),then

question 24

Multiple Choice

If a production possibilities frontier is bowed out (concave to the origin) ,then production occurs under conditions of

• A) constant opportunity costs.
• B) increasing opportunity costs.
• C) decreasing opportunity costs.
• D) infinite opportunity costs.
• E) uncertain opportunity costs.

---

Definitions:

Legal System

The comprehensive set of rules and principles, institutions, and processes established by a government or society to enforce laws, provide justice, and regulate conduct within a country or community.

Conduct

How an individual acts, particularly in a professional or public setting.

Code of Conduct

A set of guidelines designed to outline acceptable behaviors and ethical standards for members of an organization or profession.

U.S. Sentencing Commission

An independent agency of the federal judiciary responsible for establishing sentencing policies and practices for the federal courts, including guidelines for corporate crimes.