Author Question: The law of increasing opportunity costs causes the production possibilities curve to: a. be a ... (Read 53 times)

bb · **on:** Jun 30, 2018

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.