Author Question: When the production possibilities curve is bowed out, resources are: a. equally well-suited to ... (Read 116 times)

nramada · **on:** Jun 30, 2018

When the production possibilities curve is bowed out, resources are:
a. equally well-suited to production of both goods.
b. not being used efficiently.
c. not equally suited to the production of both types of goods.
d. increasing as more of one good is produced.
e. of an inferior quality.

Question 2

What shape is the production possibilities curve usually expected to exhibit?
a. Upward-sloping.
b. Bowed out.
c. Bowed in.
d. Straight line.
e. U-shaped.