The Law of Increasing Relative Costs, Depicted by the Concavity

question 102

Multiple Choice

The law of increasing relative costs, depicted by the concavity of the production opportunities frontier, is most closely related to the

• A)downward slope of the demand curve.
• B)upward slope of the demand curve.
• C)downward slope of the supply curve.
• D)upward slope of the supply curve.

---

Definitions:

Behavior Tendencies

Patterns or propensities in individuals' behaviors, often predictable over time based on personality traits or past experiences.

Cluster

A collection or grouping of similar things or people positioned or occurring closely together.

Narcissism

A characteristic of personality defined by an exaggerated view of one's own worth, a strong desire for others' adoration, and an absence of compassion for others.

Introversion

A personality trait characterized by a focus on internal thoughts and feelings rather than seeking external stimulation.