Answering Exams

If a country has a bowed out (concave to the origin) production possibility frontier then production is said to be subject to ?

If a country has a bowed out (concave to the origin) production possibility frontier then production is said to be subject to ?

A. constant opportunity costs
B. decreasing opportunity costs
C. first increasing and then decreasing opportunity costs
D. increasing opportunity costs(Correct)

 

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