Q 18 Production Possibility Frontier is
negatively sloped due to
Ops: A.
scarcity of production resources
B.
unlimited wants
C.
improvement in technology
D.
increasing opportunity cost
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Explanation:
The negative slope of the production possibilities frontier reflects opportunity cost. The opportunity cost of producing more meals is that fewer web pages can be created. ... Further, it will be able to produce new goods. Another factor shifting the production possibilities frontier outward over time is technology.
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