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The graphs below represent production possibilities for Countries A and B.
Jane Schaefer. Created for Albert.io. Copyright 2016. All rights reserved.
Which of the following explains the difference in the shapes of the two production possibilities curves shown above?
Country A faces scarcity, but Country B does not.
Country B faces scarcity, but Country A does not.
Country A faces increasing opportunity costs while Country B does not.
Country B faces increasing opportunity costs while Country A does not.
Country A has a greater supply of resources than Country B.