1. refer to the production possibilities curve above. a. why is the curve bowed outward, or concave from the origin? explain. b. what must be true if the production possibilities curve was straight instead of bowed outward? 2. assume production is currently at point d. a. what must be true of the economy at point d? b. what would be the cost in terms of consumption if there was an increase in the production of capital goods? 3. is it possible for the economy to produce at point e in the short run? explain. 4. now assume the current level of production is at point b on the production possibilities curve above. ap microeconomics unit 1 - production possibilities frontier frq #2 a. which point on the curve would the economy move if it prioritized future economic growth as an economic goal? explain. b. given your answer in part 4a above, draw another production possibilities curve and illustrate what would happen in the long run.