The reason that the production possibilities frontier is usually ...

[D2AR0N]

The reason that the production possibilities frontier is usually a bow-shaped curve instead of a straight line is that
 a. it makes it easier to illustrate the concepts of scarcity and prices with a bow-shaped curve than it is with a straight line
  b. early economists began drawing them in this way and the convention has continued throughout the years
  c. output eventually reaches a maximum and then declines
  d. resources are not perfectly adaptable to the production of all goods
  e. the frontier will shift outward over time

Question 2

The production possibilities frontier represents all desirable combinations of two goods
 a. True
  b. False

[milbourne11]

Answer to Question 1

D

Answer to Question 2

B