Question 10(1 point)

When a production possibilities frontier is bowed outward, the opportunity cost of producing an additional unit of a good

Question 10 options:

	increases as more of the good is produced.
	decreases as more of the good is produced.
	does not change as more of the good is produced.
	may increase, decrease, or not change as more of the good is produced.

Question 11(1 point)

Realistic production possibilities frontiers are bowed outward. This is because

Question 11 options:

	the more resources a society uses to produce one good, the fewer resources it has available to produce another good.
	the opportunity cost of producing a good decreases as more and more of that good is produced.
	of the effects of technological change.
	resources are specialized; that is, some resources are relatively better at producing a particular good than other goods.

Question 12(1 point)