Brittany must write a political science term paper and prepare for an economics exam. The production possibilities curve between political science and economics preparation is a straight line. As time spent studying economics increases, the opportunity cost of studying for economics:
a. increases.
b. remains the same.
c. decreases.
d. first increases then decreases.
Question 2
Either an increase in wealth or an increase in population would increase consumption and aggregate demand, other things equal.
a. True
b. False
Indicate whether the statement is true or false
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