Solved

When Does the Law of Increasing Opportunity Costs Apply

Question 92

Multiple Choice

When does the law of increasing opportunity costs apply?


A) when management is disorganized and production is inefficient
B) when resources are free
C) when resources are not equally adaptive among potential productive uses
D) when market forces do not lead to equality between price and opportunity cost

Correct Answer:

verifed

Verified

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

Related Questions

Q87: What will occur when a command economy

Q88: FIGURE 2-1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5767/.jpg" alt="FIGURE 2-1

Q89: FIGURE 2-12<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5767/.jpg" alt="FIGURE 2-12

Q90: Which of the following is the most

Q91: FIGURE 2-3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5767/.jpg" alt="FIGURE 2-3

Q93: FIGURE 2-4<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5767/.jpg" alt="FIGURE 2-4

Q94: When you buy groceries at your local

Q95: What does the law of increasing opportunity

Q96: An economy is producing two goods, ice

Q97: Capital-intensive production techniques tend to be utilized