Multiple Choice
If there is increasing opportunity cost, then, when moving downward on a production possibilities frontier, the opportunity cost of the good on the horizontal axis ________ as more of the good is produced.
A) decreases and the PPF gets flatter
B) increases and the PPF gets flatter
C) increases and the PPF gets steeper
D) does not change and the PPF gets steeper
E) decreases and the PPF gets steeper
Correct Answer:
Verified
Correct Answer:
Verified
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