A production possibilities frontier that is bowed-inward implies
A) economies of scale.
B) diseconomies of scope.
C) economies of scope.
D) no economies of scope.
B
Economics
You might also like to view...
Why are real interest rates more important than nominal interest rates with regard to analyzing the supply and demand of loanable funds?
Economics
An expansionary policy does not alter: a. the price level in the short run
b. aggregate demand in the short run. c. inflation in the long run. d. unemployment in the long run.
Economics