One of the concepts that is illustrated by a downward sloping production possibilities frontier is that
a. technology must change in order to produce more of a particular good
b. to produce more of one good, some of the alternative goods must be given up
c. opportunity cost generally declines as more of a good is produced
d. specialization leads to gains in overall utility for society
e. opportunity cost generally does not vary as more of a good is produced
B
Economics