Multiple Choice
The law of increasing additional cost is due to
A) scarcity.
B) inefficient use of technology.
C) the fact that resources are not perfectly adaptable for alternative uses.
D) the fact that there are always alternatives and it is costly to figure out which alternative is best.
Correct Answer:

Verified
Correct Answer:
Verified
Q12: Economic bads are items<br>A) for which the
Q41: In order for a production possibilities curve
Q129: A bowed production possibilities curve is consistent
Q152: What is the difference between comparative advantage
Q204: A person has a comparative advantage in
Q285: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Refer to the
Q322: A point on a production possibilities curve
Q327: Comparative advantage implies choosing the activity that<br>A)
Q401: Efficiency is achieved<br>A) when output is being
Q408: The opportunity cost of attending college might