The underlying reason production possibilities frontiers are likely to be bowed out (rather than linear) is a.
Question:
The underlying reason production possibilities frontiers are likely to be bowed out (rather than linear) is
a. choices have consequences.
b. there are always opportunity costs.
c. some resources and people can be better used producing one good rather than another.
d. there is always some level of unemployment.
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c Some resources and people can be better used producing one good rather than another Expla...View the full answer
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