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Production possibilities frontiers are usually bowed outward. This is because Group of answer choices 1.it reflects the fact that the opportunity cost of producing a good decreases as more and more of that good is produced. 2.of the effects of technological change.3. the more resources a society uses to produce one good, the fewer resources it has available to produce another 4.good. resources are specialized; that is, some are better at producing particular goods rather than other goods.
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Production possibilities frontiers are usually bowed outward. This is because Group of answer choice...
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