Production possibilities frontiers are usually bowed outward.This is because
A)the more resources a society uses to produce one good,the fewer resources it has available to produce another good.
B)the opportunity cost of producing a good decreases as more and more of that good is produced.
C)of the effects of technological change.
D)resources are specialized;that is,some are better at producing particular goods rather than other goods.

Question

Quizplus · Accepted Answer

The bowed-out shape of the production possibilities frontier reflects increasing opportunity costs, which occur because resources are specialized and not equally efficient in producing all goods.

Production Possibilities Frontiers Are Usually Bowed Outward