Increasing opportunity cost occurs along a production possibilities frontier because
A) increasing wants need to be satisfied.
B) in order to produce more of one good decreasing amounts of another good must be sacrificed.
C) resources are not equally productive in all activities.
D) production takes time.
Correct Answer:
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Q98: Q99: In order for societies to reap the Q100: In one day, Sue can change the Q102: Which of the following describes comparative advantage? Q105: When a nation has a comparative advantage Q106: Marginal benefit is the Q107: A production possibilities frontier does NOT illustrate Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)Firm
A)amount of one good
A)the
