In general, production possibilities curves are "bowed out" because:
A) it's wasteful to produce too much of any one good.
B) people generally prefer to consume goods in appropriate combinations.
C) of the law of increasing opportunity cost.
D) of the law of demand.
Ans: C) of the law of increasing opportunity cost.
Economics
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suggest. Indicate whether the statement is true or false
Economics
All of the following location characteristics can result in lower worker salaries except which one?
A) unpleasant work conditions B) low cost of living C) great climate D) short commute time
Economics