IAI CB2 Practice Questions - IAI Subject CB2 Business Economics Exam

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

Decreasing opportunity cost as output expands Zero opportunity cost because resources are unlimited Constant opportunity cost between the two goods Increasing opportunity cost as more of one good is produced

Correct Answer:

Increasing opportunity cost as more of one good is produced

Access more questions from this quiz

Continue to IAI CB2 Practice Questions - IAI Subject CB2 Business Economics Exam for more practice questions and the full quiz experience.

Access More Questions