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1) The bowed-out (concave) shape of a production possibilities frontier A) is due to capital accumulation. B) is due to technological change. C) reflects the existence of increasing opportunity cost. D) is due to the equal usefulness of resources in all activities. E) reflects the existence of decreasing opportunity cost.
1) The bowed-out (concave) shape of a production possibilities frontier A) is due to capital accumulation. B) is due to technological change. C) reflects the existence of increasing opportunity cost. D) is due to the equal usefulness of resources in all activities. E) reflects the existence of decreasing opportunity cost.
larryrambo777Lv10
26 Mar 2023
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24 Oct 2020
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