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PPF - Increasing Marginal Opportunity Costs and Allocative Efficiency
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PPF - Increasing Marginal Opportunity Costs and Allocative Efficiency
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2. Introductory Economic Models / PPF - Increasing Marginal Opportunity Costs and Allocative Efficiency / Problem 2
Problem 2
How does the shape of a PPF graph change as resources become more specialized?
A
The PPF becomes a straight line.
B
The PPF becomes more bowed outward.
C
The PPF becomes a vertical line.
D
The PPF becomes a horizontal line.
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