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Author Question: The production possibility curve is bowed outward from the origin because of: a. the law of ... (Read 108 times)

cool

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on: Jun 30, 2018
The production possibility curve is bowed outward from the origin because of:
 a. the law of increasing opportunity costs.
  b. the finite nature of the resource base.
  c. inefficiency.
  d. improper output mix.
  e. unemployment.

Question 2

A production possibility graph slopes down because of:
 a. the law of increasing costs.
  b. nonhomogeneous resources.
  c. inefficiency.
  d. improper output mix.
  e. unemployment.


Sarahjh

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  • Posts: 370
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

b


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