H2 Economics Practice Questions - Singapore-Cambridge GCE A-Level Higher 2 (H2) Economics (Syllabus 9757 9570) Exam

A production possibility curve (PPC) that is concave (bowed outward) to the origin reflects:

Constant opportunity cost as output of one good rises Increasing opportunity cost as more of one good is produced Decreasing opportunity cost as more of one good is produced Zero opportunity cost because resources are unlimited

Correct Answer:

Increasing opportunity cost as more of one good is produced

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