What does the bowed-out shape of the production possibilities curve illustrate?
What does the bowed-out shape of the production possibilities curve illustrate?
پیداوار کے امکانات کے منحنی خطوط کی کیا مثال ہے؟
Explanation
The bowed-out shape shows that as more of one good is produced, more units of the other must be given up.
This illustrates increasing opportunity costs due to resource specialization.