Given below is the production possibilities schedule for capital goods and consumer goods. Table 2.3
Consider Table 2.3.The production possibilities curve [PPC] representing this schedule would be:
A) bowed in.
B) bowed out.
C) a negatively sloped straight line.
D) a positively sloped straight line.
E) bowed in if consumer goods are plotted on the horizontal axis and bowed out if capital goods are plotted on the horizontal axis.
Correct Answer:
Verified
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