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28 Dec 2017
17 Different types of labor, capital, and natural resources have different capabilities to produce goods and services. In the Production Possibility Frontier (Curve) model, this phenomenon implies an) opportunity cost and a shaped curve. A. increasing: bowed out (concave) B. decreasing: bowed out (concave) c. increasing; bowed in (convex) D. decreasing; bowed in (convex) E. increasing; linear (straight line)
17 Different types of labor, capital, and natural resources have different capabilities to produce goods and services. In the Production Possibility Frontier (Curve) model, this phenomenon implies an) opportunity cost and a shaped curve. A. increasing: bowed out (concave) B. decreasing: bowed out (concave) c. increasing; bowed in (convex) D. decreasing; bowed in (convex) E. increasing; linear (straight line)
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