When the production possibilities frontier bows outward from the origin,
A) opportunity costs are decreasing.
B) opportunity costs are constant.
C) some of societyʹs resources are unemployed.
D) opportunity costs are increasing.
Correct Answer:
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Q100: Q101: The fact of increasing opportunity costs means Q102: Q103: The production possibilities frontier bows outward because Q104: Production possibilities Q106: The nationʹs production possibilities frontier is bowed Q107: As we move along a bowed-out production Q108: Production possibilities Q109: Increasing opportunity cost implies that Q110: Production possibilities Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)
A) the production
