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6 Oct 2020
A production possibilities frontier will be bowed out if:
a) There is scarcity,
b) Technology is improving,
c) Production of one good involves an opportunity cost,
d) Resources are not perfectly adaptable to making each good,
e) Resources are used efficiently.
A production possibilities frontier will be bowed out if:
a) There is scarcity,
b) Technology is improving,
c) Production of one good involves an opportunity cost,
d) Resources are not perfectly adaptable to making each good,
e) Resources are used efficiently.
marcusnicole284Lv10
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Sonal BahlLv10
4 Dec 2020
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