Economics MCQ The Economics Problem When the production possibilities frontier is bowed outwards, the opportunity cost of producing more of one good:}

When the production possibilities frontier is bowed outwards, the opportunity cost of producing more of one good:}

Naim 23:47 The Economics Problem

When the production possibilities frontier is bowed outwards, the opportunity cost of producing more of one good:}

A) cannot be determined.
B) increases in terms of the amount foregone of the other good.
C) remains constant.
D) decreases in terms of the amount foregone of the other good.

Answer: B

Economics MCQ

When the production possibilities frontier is bowed outwards, the opportunity cost of producing more of one good:}

When the production possibilities frontier is bowed outwards, the opportunity cost of producing more of one good:}

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