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g A typical concave (bowed out from the origin) production possibilities curve implies Multiple Choice that economic resources are unlimited. that society must choose among various attainable combinations of goods. decreasing opportunity costs. that society is using a market system to allocate resources.

Sagot :

Answer:

that society must choose among various attainable combinations of goods

Explanation:

The Production possibilities curve is a curve that shows the various combination of two goods a company can produce when all its resources are fully utilised.  

The PPC is concave to the origin. This means that as more quantities of a product is produced, the fewer resources it has available to produce another good. As a result, less of the other product would be produced. So, the opportunity cost of producing a good increase as more and more of that good is produced.

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