A society's production possibility frontier is bowed out from the origin because some resources are better suited for producing one good as opposed to the other.

Question

Quizplus · Accepted Answer

The production possibility frontier (PPF) is bowed out from the origin because resources are not perfectly adaptable for the production of all goods. Some resources are better suited for producing one type of good than another, leading to increasing opportunity costs as production shifts from one good to another. This shape reflects the law of increasing opportunity costs.

A Society's Production Possibility Frontier Is Bowed Out from the Origin