The law of increasing opportunity cost says that
A) wages increase as employment increases
B) interest rates rise as inflation increases
C) the cost of increasing employment opportunities increases with specialization
D) the more of something we produce,the less expensive it becomes
E) the more of something we produce,the greater is the opportunity cost of producing an additional unit
Correct Answer:
Verified
Q39: Figure 2-4 Q40: Figure 2-3 Q41: Figure 2-9 Q42: If a society is on its production Q43: Suppose that an economy produces civilian goods Q45: The concave shape of the production possibilities 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
![]()
![]()
![]()