The law of increasing opportunity costs causes the production ...

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The law of increasing opportunity costs causes the production possibilities curve to:
 a. be a straight line. b. slope upwards.
  c. have a bowed-out shape. d. shift inward.

Question 2

If society leaves some of its resources unemployed, then it will be operating at a point:
 a. beneath its production possibilities curve.
  b. at a corner of its production possibilities curve.
  c. anywhere along its production possibilities curve.
  d. outside of its production possibilities curve.

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Answer to Question 1

c

Answer to Question 2

a

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