# ECON8305docx (221).pdf - a iTrue*b iFalse 261 iChapter...

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a. i True *b. i False 261. i Chapter i 2 Choice, i Opportunity i Costs, i and i Specialization i Quest118 i A i bowed-out i PPC i indicates i increasing i marginal i opportunity i costs i between i the i goods i or i services i produced. *a. i True b. i False 262. i Chapter i 2 Choice, i Opportunity i Costs, i and i Specialization i Quest119 i When i specialized i resources i that i are i productive i in i the i production i of i one i good i are i shifted i to i the i production i of i another i good i in i which i they i are i relatively i less i productive, i the i resulting i production i possibilities i curve i of i the i goods i tends i to i bow i in. a. i True *b. i False 263. i Chapter i 2 Choice, i Opportunity i Costs, i and i Specialization i Quest120 i When i a i nation i is i operating i on i a i bowed-out i PPC, i the i production i of i more i of i one i product i will i bring i about i the i production i of i less i of i another i product i because i resources i are i scarce. *a. i True b. i False 264.