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Assume a Bowed-Out Shape of a Production Possibilities Frontier Showing

Question 112

Multiple Choice

Assume a bowed-out shape of a production possibilities frontier showing possible output levels of good A and good B.What is indicated if the economy produces more and more of good B?  


A)  that larger and larger amounts of good A must be sacrificed 
B)  that smaller and smaller amounts of good A must be sacrificed 
C)  that more of good A will be produced 
D)  that the amount of resources available in the economy must be increased

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