The fact of increasing opportunity costs means that a production possibilities frontier will

Question

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The increasing opportunity costs mean that resources are not equally efficient in producing different goods. As more and more units of one good are produced, society must give up increasing amounts of the other good to produce each additional unit. This results in the PPF bowing outward, indicating that the opportunity cost of producing one good increases as more of it is produced.

The Fact of Increasing Opportunity Costs Means That a Production