Since resources are not equally substitutable across uses: the production possib
ID: 1101400 • Letter: S
Question
Since resources are not equally substitutable across uses:
the production possibilities curve will be positively sloped.
the production possibilities curve will be a straight line.
the production possibilities curve will be bowed outward.
the production possibilities curve will be bowed inward.
(A)the production possibilities curve will be positively sloped.
(B)the production possibilities curve will be a straight line.
(C)the production possibilities curve will be bowed outward.
(D)the production possibilities curve will be bowed inward.
Explanation / Answer
C the production possibilities curve will be bowed outward.