The law of increasing opportunity costs is a result of the fact that: Choose one
ID: 1183115 • Letter: T
Question
The law of increasing opportunity costs is a result of the fact that: Choose one answer.a. the value of the dollar has declined over time.
b. wage rates rise as the economy reaches full employment.
c. consumers tend to value a good more when they don't have much of it.
d. resources are not equally productive in all output categories.
The law of increasing opportunity costs is a result of the fact that: Choose one answer.
a. the value of the dollar has declined over time.
b. wage rates rise as the economy reaches full employment.
c. consumers tend to value a good more when they don't have much of it.
d. resources are not equally productive in all output categories. The law of increasing opportunity costs is a result of the fact that: Choose one answer.
a. the value of the dollar has declined over time.
b. wage rates rise as the economy reaches full employment.
c. consumers tend to value a good more when they don't have much of it.
d. resources are not equally productive in all output categories.
Explanation / Answer
c. consumers tend to value a good more when they don't have much of it.