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Production possibilities frontiers are usually bowed outward

Economics

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Production possibilities frontiers are usually bowed outward. This is because a. b. the more resources a society uses to produce one good, the fewer resources it has available to produce another good. it reflects the fact that the opportunity cost of producing a good decreases as more and more of that good is produced. of the effects of technological change. d.) resources are specialized; that is, some are better at producing particular goods rather 6 Pf . cost than other goods. >