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The Tendency of Opportunity Cost to Increase as Production Increases

Question 196

Multiple Choice

The tendency of opportunity cost to increase as production increases


A) is an example of theory that has not been proven by facts.
B) is a general principle, but not a universal fact.
C) is a universal fact, with no known exceptions.
D) rarely holds in reality, but is a useful theory.
E) cannot be tested with standard economic tools.

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