The production possibility curve is bowed outward from the origin ...

[cool]

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]

Answer to Question 1

a

Answer to Question 2

b