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Author Question: Which of the following is a reason for the law of increasing opportunity cost? a. Some goods have ... (Read 28 times)

ghost!

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on: Jun 30, 2018
Which of the following is a reason for the law of increasing opportunity cost?
 a. Some goods have limited alternative uses.
 b. Not all resources are equally adaptable to other uses.
 c. Prices of specific final goods increase as more of those goods are produced.
  d. Prices of specific final goods decrease as more of those goods are produced.

Question 2

Excessive unemployment of resources is illustrated using a production possibilities curve by:
 a. an inward shift of the curve.
 b. an outward shift of the curve.
 c. a movement along the curve in a northwest direction.
  d. a point inside the curve.


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nhea

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

d


ghost!

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Reply #2 on: Jun 30, 2018
Thank you


nhea

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Reply #3 on: Jun 30, 2018
No problemo


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