As a country that has a bowed-out production possibilities frontier produces more of one good, the opportunity cost of a unit of that good ________.

Question

Quizplus · Accepted Answer

When a country has a bowed-out production possibilities frontier, it means that the opportunity cost of producing one good increases as more of that good is produced. Therefore, the answer is (B) increases.

As a Country That Has a Bowed-Out Production Possibilities Frontier