Solved

Why Does a Nation Experience Increasing Opportunity Cost

Question 39

Multiple Choice

Why does a nation experience increasing opportunity cost?


A) As the nation moves from a production point within the PPF to another point also within the PPF, opportunity costs increase.
B) Because the nation cannot produce at the unattainable production points that lie beyond the PPF.
C) As the nation moves from a production point within the PPF to one on the PPF, opportunity costs increase.
D) Resources are not equally productive in producing different kinds of goods and services.
E) When the amount of resources increases, the opportunity cost of all goods and services increases.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents