When the production possibilities curve is bowed out, resources are:
A) equally well-suited to production of both goods.
B) not being used efficiently.
C) not equally suited to the production of both types of goods.
D) increasing as more of one good is produced.
E) of an inferior quality.
Correct Answer:
Verified
Q74: A production possibilities curve shows the:
A) dollar
Q75: Of factors which affect any economy's production
Q76: Any point on the production possibilities curve
Q77: When an economy's resources are not fully
Q78: An efficient economy:
A) uses available resources fully.
B)
Q80: The production possibility curve is bowed outward
Q81: All points on the production possibilities curve
Q82: If an economy is producing at full
Q83: If society leaves some of its resources
Q84: The law of increasing costs holds that
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