The principle of increasing opportunity cost leads to
A) a production possibilities frontier (PPF) that is bowed inward from the origin.
B) a production possibilities frontier (PPF) that is bowed outward from the origin.
C) an inward shift of the production possibilities frontier (PPF).
D) an outward shift of the production possibilities frontier (PPF).
B
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Based on most observations, what are the effects on government budgets from the national health care program?
A) Tax revenues will not flow into the new program immediately. B) The federal government ultimately will have to search for ways to reduce its health care expenditures. C) Federal government expenditures on the program are being phased in immediately. D) the federal government ultimately will lower taxes since the program's cost will decline over time.
In the strategic sequential labor negotiation game:
a. The first mover has an advantage b. The second mover has an advantage c. There is no advantage to either mover d. None of the above