When the production possibilities frontier is bowed outwards, the opportunity cost of producing more of one good
A) decreases in terms of the amount forgone of the other good.
B) remains constant.
C) increases in terms of the amount forgone of the other good.
D) cannot be determined.
Correct Answer:
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A)allow traders to enjoy gains from trade.
B)coordinate
A) is upward sloping.
B)
