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The Law of Increasing Opportunity Cost Implies That

Question 236

Multiple Choice

The law of increasing opportunity cost implies that


A) producing additional units of one good results in proportionately smaller reductions in output of the other good.
B) producing additional units of one good results in increasing amounts of lost output of the other good.
C) the production possibilities curve will be a straight line.
D) the society will be producing on its production possibilities curve.

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