sailormaries5314 sailormaries5314
  • 11-01-2018
  • Business
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Which characteristic of the production possibilities curve reflects the law of increasing opportunity costs: its shape or its length?

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andriansp andriansp
  • 22-01-2018
I believe the answer is it's shape.
As an economy devotes more of its resources to a certain tyoe of product, the economy becomes less efficient becaucreatescreate a lot of opportunity cost by not using other available resources. This make the shape of production possibilities curve become bowed-out
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