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The Law of Increasing Opportunity Costs Implies That

Question 137

Multiple Choice

The law of increasing opportunity costs implies that:


A) ​a production possibilities curve will be bowed inward toward the origin.
B) ​a production possibilities curve will be bowed outward away from the origin.
C) ​a production possibilities curve will be a straight line.
D) ​a production possibilities curve will be upward sloping.

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