A production possibilities frontier will be bowed out if _____
A) resources are scarce.
B) resources are used efficiently.
C) the production of only one good involves an opportunity cost.
D) resources are not perfectly adaptable to the production of each good.
E) technology improves.
Correct Answer:
Verified
Q82: As resources are not perfectly adaptable to
Q98: The law of increasing opportunity cost reflects
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Q129: Exhibit 2.2 Q130: The law of increasing opportunity cost explains Q131: A straight-line possibilities frontier indicates that _ Q133: Which of the following would not shift Q134: Exhibit 2.2 Q137: Which of the following would cause an
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