Any movement along the production possibilities frontier involves the production of
A) more of both goods
B) more of one good and less of the other
C) less of both goods
D) more resources
E) better technology
Correct Answer:
Verified
Q133: Exhibit 2-7 Q134: The concave shape of a production possibilities Q135: The bowed-out shape of the production possibilities Q136: Points inside the production possibilities frontier represent Q137: Because resources are not perfectly adaptable to Q139: If the production possibilities curve is a Q140: The law of increasing opportunity cost explains Q141: The production possibilities frontier represents all desirable Q142: Exhibit 2-8 Q143: An outward shift of the production possibilities
A)full
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