Solved

Which of the Following Best Describes What Occurs Along a Bowed-Out

Question 93

Multiple Choice

Which of the following best describes what occurs along a bowed-out production possibilities curve?


A) The opportunity cost of production of a good rises as its output increases.
B) Resources can be transferred from one productive activity to another without requiring a sacrifice.
C) The opportunity cost of production of a good is zero.
D) The opportunity cost of production of a good falls as its output increases.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q88: Why is a production possibilities curve negatively

Q89: FIGURE 2-9
FIGURE 2-9 </p></div><svg width=

Q90: If an economy is operating inside its

Q91: FIGURE 2-10
FIGURE 2-10 </p></div><svg width=

Q92: What is the main reason economists are

Q94: Which of the following is an illustration

Q95: FIGURE 2-9
FIGURE 2-9 </p></div><svg width=

Q96: When does the law of increasing opportunity

Q97: How does the fact that resources are

Q98: Which of the following best illustrates inefficiency?
A)

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents