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प्रश्न
True or False with Reason:
Production possibility frontier is concave shaped as production of one good can be increased only by reducing quantity of another good.
चूक किंवा बरोबर
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उत्तर
This statement is false.
Reason:
- Producing more of one good by reducing another explains why the PPF slopes downward.
- The PPF is concave because the marginal rate of transformation increases as resources are transferred between goods.
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