Question

When a production possibilities frontier is bowed outward, the opportunity cost of the first good in terms of the second good increases as more of the second good is produced.

Answer 1

True

Step-by-step explanation:

The production possibility frontier shows the two combinations of goods and services that can be produced in an economy given its resocurces.

As the production of one good is increased, the quantity of the other good not produced increases.

I hope my answer helps you