What does the bowed-out shape of the production possibilities curve illustrate?
A. Law of increasing opportunity cost
B. The production is inefficient
C. The production is unattainable
D. The demand is relatively elastic
Answer:A
What does the bowed-out shape of the production possibilities curve illustrate?
A. Law of increasing opportunity cost B. The production is inefficient C. The production is unattainable D. The demand is relatively elastic