MCQOPTIONS
Saved Bookmarks
| 1. |
The production possibility curve under increasing opportunity costs is concave to the origin because |
| A. | The opportunity cost of leaving a unit of one commodity to have an additional unit of the other is constant |
| B. | Each country completely specializes in the production of only one commodity after trade |
| C. | They are the same at all points |
| D. | When a country in the production of one commodity in which it has comparative advantage, its opportunity costs increases |
| Answer» E. | |