If the opportunity costs of producing a good increase as more of that good is produced, the economy's production possibility frontier will be
A) negatively sloped and "bowed inward" toward the origin.
B) negatively sloped and "bowed outward" from the origin.
C) a negatively sloped straight line.
D) a positively sloped straight line.

Question

Quizplus · Accepted Answer

The production possibility frontier (PPF) is "bowed outward" from the origin when the opportunity costs increase as more of a good is produced. This shape reflects the increasing cost of producing additional units of a good, due to factors such as the reallocation of resources that are not equally efficient in producing all goods.

If the Opportunity Costs of Producing a Good Increase as More