HKDSE Economics Practice Questions - Hong Kong Diploma Of Secondary Education (HKDSE) Economics Exam

A production possibilities frontier (PPF) that is concave to the origin (bowed outward) reflects:

Increasing opportunity cost as more of one good is produced Constant opportunity cost of production Decreasing opportunity cost as more of one good is produced An economy operating below full capacity

Correct Answer:

Increasing opportunity cost as more of one good is produced

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