The Principle of Increasing Opportunity Cost Leads to

question 164

Multiple Choice

The principle of increasing opportunity cost leads to

• A) a production possibilities frontier (PPF) that is bowed inward from the origin.
• B) a production possibilities frontier (PPF) that is bowed outward from the origin.
• C) an inward shift of the production possibilities frontier (PPF).
• D) an outward shift of the production possibilities frontier (PPF).

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Definitions:

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Measures the volume of an engine's cylinders, usually referred to in cubic centimeters (cc) or litres (L), which indicates the engine's power capacity.

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A specialized type of trailer designed for transporting liquid milk from farms to processing plants, typically insulated to maintain temperature.

Tank Pop-Off Valve

A safety valve on a tank (such as an air compressor or pressure vessel) that releases pressure to prevent over-pressurization.

Rupture Disk

A safety device designed to burst at a predetermined pressure to relieve excessive pressure from vessels or piping systems.