If we observe that the production possibilities curve becomes-08980
If we observe that the production possibilities curve becomes steeper as we move down along the curve, then:
This multiple choice question (MCQ) is related to the book/course vu eco401 Economics. It can also be found in vu eco401 Mid Term - Quiz No.3.
If we observe that the production possibilities curve becomes steeper as we move down along the curve, then:
Opportunity costs are increasing.
Society's resources are limited.
Society's wants are unlimited.
Society's wants are unlimited.