Increasing opportunity cost exists
A) in the real world.
B) as long as there is high unemployment.
C) only in theory but not in real life.
D) for a country but not for an individual.
E) inside the PPF but not on the PPF.

Question

Quizplus · Accepted Answer

Increasing opportunity cost is a real-world concept that occurs when producing more of one good requires giving up increasing amounts of another good. This trade-off exists because resources are not equally efficient in producing different goods, resulting in the need to sacrifice more of one good to produce additional units of another.

Increasing Opportunity Cost Exists