Any movement along a bowed-out production possibilities frontier involves the production of:

A) more of both goods.
B) more of one good and less of the other.
C) less of both goods.
D) more resources.
E) better technology.

Question

Baller Beach · Accepted Answer

Final Answer : B, Explanation :  If the production possibilities frontier is bowed-out, this means that the opportunity cost of producing one good increases as more of it is produced. Therefore, any movement along the production possibilities frontier will involve a tradeoff between the two goods. To produce more of one good, the production of the other good must decrease. Therefore, the answer is B: more of one good and less of the other.

Any movement along a bowed-out production possibilities frontier involves the production of:

A) more of both goods.
B) more of one good and less of the other.
C) less of both goods.
D) more resources.
E) better technology.

Definitions

Learning Objectives

Learning Objectives

Related questions

Any movement along a bowed-out production possibilities frontier involves the production of:A) more of both goods.B) more of one good and less of the other.C) less of both goods.D) more resources.E) better technology.

Definitions

Learning Objectives

Learning Objectives

Related questions

Any movement along a bowed-out production possibilities frontier involves the production of:

A) more of both goods.
B) more of one good and less of the other.
C) less of both goods.
D) more resources.
E) better technology.