_____________means a nation has to give up more and more of one commodity in order to produce each additional unit of another.
A)Increasing opportunity costs
B)Decreasing opportunity costs
C)Constant opportunity costs
D)Costs of production

Question

Quizplus · Accepted Answer

Increasing opportunity costs means that a nation has to give up more and more of one commodity (the opportunity cost) in order to produce each additional unit of another commodity. This occurs when a nation is producing at its maximum capacity and needs to divert resources from one industry to another. As a result, the opportunity cost of producing one good becomes greater and greater, leading to an upward-sloping production possibility curve.

_____________Means a Nation Has to Give Up More and More