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

Question

Quizplus · Accepted Answer

Increasing opportunity cost exists in the real world because as the production of one good increases, the opportunity cost of producing additional units of that good increases, resulting in a shift of resources to other goods that have a lower opportunity cost. This is a fundamental economic concept that is observed in real-world situations.

Increasing Opportunity Cost Exists