Production possibilities frontiers are usually bowed outward. This is because Group of answer choices 1. it reflects the fact that the opportunity cost of producing a good decreases as more and more of that good is produced. 2. of the effects of technological change. 3. the more resources a society uses to produce one good, the fewer resources it has available to produce another 4. good. resources are specialized; that is, some are better at producing particular goods rather than other goods.
+2
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Production possibilities frontiers are usually bowed outward. This is because Group of answer choices 1. it reflects the fact that the ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Home » Business » Production possibilities frontiers are usually bowed outward. This is because Group of answer choices 1. it reflects the fact that the opportunity cost of producing a good decreases as more and more of that good is produced. 2.