Multiple Choice
A concave (bowed out from the origin) production possibilities curve would indicate
A) decreasing opportunity costs.
B) that the slope is getting smaller in absolute value.
C) a large economy with many workers.
D) a small economy with a handful of workers.
E) constant opportunity costs.
Correct Answer:
Verified
Related Questions
Q95: Given the production possibility tables for First
Q96: When productive activity is organized according to
Q97: As one progresses from a one-person economy
Q98: If the production possibilities curve is smoothly