1) The law of increasing opportunity costs is illustrated by a production possibilities that is bowed inward toward the origin of the diagram.

a) True

b) False

2) All points along a production possibilities frontier depict the

a) maximum satisfaction that households receive from their purchases of goods

b) minimum satisfaction that households receive from their purchases of goods

c) maximum output that society can produce with given resources and technology

d) minimum output that society can produce with given resources and technology

3) A point outside the economy's production possibilities frontier is

a) attainable when resources are fully employed

b) attainable if the law of increasing opportunity costs prevails

c) unattainable given the existing levels of resources and technology

d) unattainable given the existing levels of money income

4) Which of the following would not result in an outward shift of a nation's production possibilities frontier?

a) a reduction in the unemployment rate

b) a rise in labour productivity

c) advances in technology

d) an expanding resource base

I do not really understand and not know how to do.