The production possibilities frontier can be used to show all of the following except one.Which is the exception?
A) scarcity
B) opportunity cost
C) the law of increasing opportunity cost
D) efficiency
E) the best combination of goods and services for an economy
Correct Answer:
Verified
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 Q144: An improvement in technology Q146: Which of the following cannot be determined Q147: A production possibilities frontier will shift outward Q148: Increases in resources or improvements in technology Q149: The production possibilities frontier will shift if Q150: A production possibilities frontier can shift outward
A)will always result in
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