Question 6

A nation's production possibilities curve is bowed out from the origin because:

  • A.wants are virtually unlimited
  • B.the originator of the idea drew it this way and modern economists follow this convention
  • C.resources are scarce
  • D.resources are not equally efficient n producing every good.
Objective

Question details

Exam body
OAU
Subject
Economics
Year
2011/2012
Question no.
#6
Type
Objective

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