The Law of Increasing Opportunity Cost Helps to Explain Why

question 112

True/False

The law of increasing opportunity cost helps to explain why PPF's are typically bowed-outward.

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Definitions:

Dishabituation

A renewal of attention or a response to a stimulus that had previously become familiar through habituation.

Stimulus

An external factor or event that provokes a specific functional reaction in an organ or tissue.

Renewed Interest

A revived or rekindled focus and curiosity in a particular subject, activity, or issue that perhaps had been previously set aside or overlooked.

Visual Stimulus

Any object or event in the environment that draws visual attention or elicits a visual response.