The "bowed-out" shape of a PPF is due to
A. technological improvements.
B. capital accumulation.
C. the existence of increasing opportunity costs.
D. All of these factors contribute to the bowed-out shape of a PPF.
Answer: C
The "bowed-out" shape of a PPF is due to
A. technological improvements.
B. capital accumulation.
C. the existence of increasing opportunity costs.
D. All of these factors contribute to the bowed-out shape of a PPF.
Answer: C