Production possibilities frontiers are usually bowed outward.

Question
Production possibilities frontiers are usually bowed outward. This is because – Q/A (Question and Answer)

Test Answer

Answer:

resources are specialized; that is, some are better at producing particular goods rather than other goods.

Recource Economics 1-3

Unlock this answer Join StudyHippo to unlock
unlock
Get an explanation on any task
Get unstuck with the help of our AI assistant in seconds
New