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  • 24-11-2020
  • Biology
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Why is the production possibility curve drawn as a bowed-out curve?

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dhhall
dhhall dhhall
  • 24-11-2020

Answer:

he downward slope of the production possibilities curve is an implication of scarcity. The bowed-out shape of the production possibilities curve results from allocating resources based on comparative advantage.

Explanation:

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