This topic contains a solution. Click here to go to the answer

Author Question: Which of the following is a reason for the law of increasing opportunity cost? a. Some goods have ... (Read 27 times)

ghost!

  • Hero Member
  • *****
  • Posts: 560
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.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nhea

  • Sr. Member
  • ****
  • Posts: 305
Answer to Question 1

b

Answer to Question 2

d





 

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

For a complete list of videos, visit our video library