The Principle of Increasing Opportunity Cost Leads to

question 19

Multiple Choice

The principle of increasing opportunity cost leads to

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

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Definitions:

Careful Manner

Conducting activities with diligence and attention to avoiding harm or errors.

Driving While Impaired

The act of operating a vehicle under the influence of alcohol, drugs, or other substances that impair cognitive and motor skills.

Occupiers' Liability Act

Legislation that defines the duty of care owed by individuals or entities that control premises towards those who enter them.

Legal Duty

An obligation arising from law that requires an individual or entity to conform to a standard of conduct.