A nation's production possibilities curve is "bowed out" from the origin because:
A)resources are not equally efficient in producing every good.
B)the originator of the idea drew it this way and modern economists follow this convention.
C)resources are scarce.
D)wants are virtually unlimited.

Question

Quizplus · Accepted Answer

Resources are not equally efficient in producing every good. This means that some resources may be better suited for producing one good over another, leading to a curved production possibilities curve.

A Nation's Production Possibilities Curve Is "Bowed Out" from the Origin