Question

Suppose Poland is producing on its production possibilities frontier, and it decides to increase the production of steel and decrease the production of vodka. The bowed-out production possibility frontier suggests that there will be a(n) _____ opportunity cost of producing more steel.

Answer 1

Answer:

Increasing

Explanation:

The production possibility frontier is a curve that shows all the two possible combinations of goods an economy can produce given its resocurces.

If an economy wants to increase production of one good, it has to decrease production of the other good ,therefore, the opportunity cost of production increases.

I hope my answer helps you.