If a production possibility frontier is drawn concave to the origin with the quantity of shoes on the X-axis and the quantity of T-shirts on the Y-axis,a movement downward along the PPF reflects:
A) a decreasing opportunity cost of both shoes and T-shirts.
B) an increasing opportunity cost of both shoes and T-shirts.
C) an increasing opportunity cost of shoes.
D) a decreasing opportunity cost of shoes.
Correct Answer:
Verified
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