B) Most production possibilities curves are convex to the origin. A) Relative scarcity is no longer a central idea in economics because we are in an...

B) Most production possibilities curves are convex to the origin. A) Relative scarcity is no longer a central idea in economics because we are in an age of abundance. 70. Which one of the following statements is correct? A) Relative scarcity is no longer a central idea in economics because we are in an age of abundance. B) Most production possibilities curves are convex to the origin. C) The production possibilities curve shows society"s preferences for consumer goods relative to capital goods. D) The central concept underlying the production possibilities curve is that of limited resources.