The Law of Increasing Opportunity Cost Explains Why

question 93

Multiple Choice

The law of increasing opportunity cost explains why

• A)opportunity cost is constant along the production possibilities frontier
• B)the production possibilities frontier is downward sloping
• C)the production possibilities frontier is curved
• D)efficient points lie along the production possibilities frontier
• E)technology remains constant along a production possibilities frontier

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Definitions:

Entire Population

Refers to all members or elements of a defined group or category that a researcher is studying.

Null Hypothesis

A hypothesis in statistical analysis that suggests there is no effect or no difference, and it serves as a starting assumption for testing.

Research Hypothesis

A testable statement predicting a particular relationship between two or more variables in a population.

Sample Size

The number of individual observations or data points collected from a population for the purposes of statistical analysis.