The concave shape of a production possibilities frontier showing possible output levels of good A and good B indicates that if the economy produces

ECONOMICS

Multiple Choice

Multiple Choice

The concave shape of a production possibilities frontier showing possible output levels of good A and good B indicates that if the economy produces more and more of good B,

a.larger and larger amounts of good A must be sacrificed

b.smaller and smaller amounts of good A must be sacrificed

c.more of good A will be produced

d.the amount of resources available in the economy must be increased

e.there must be an improvement in technology

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