Exhibit 2-8 Production possibilities curve data As shown in Exhibit 2-8, the concept of increasing opportunity costs is reflected in the fact that:

Question

Exhibit 2-8  Production possibilities curve data  As shown in Exhibit 2-8, the concept of increasing opportunity costs is reflected in the fact that:

Quizplus · Accepted Answer

The concept of increasing opportunity costs is reflected in the fact that greater amounts of capital goods must be sacrificed to produce an additional 2 units of consumer goods. This means that as more consumer goods are produced, the opportunity cost of producing additional units of consumer goods increases, leading to a steeper slope on the production possibilities curve. Choices A, B, and D are not related to the concept of increasing opportunity costs.

Exhibit 2-8 Production Possibilities Curve Data as Shown in Exhibit