The Law of Increasing Additional Costs Is Due to

question 32

Multiple Choice

The law of increasing additional costs is due to

• A)taxes.
• B)scarcity.
• C)the fact that it is more difficult to use resources efficiently the more society produces.
• D)the fact that resources are not perfectly adaptable for alternative uses.

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Definitions:

Ongoing Relationship

A continuous interaction or association between entities that involves mutual dealings over a period of time.

Retainer

An advance payment or fee paid to a professional, such as a lawyer, by a client for future services.

Disbursements

Out-of-pocket costs incurred by the lawyer on the client’s behalf.

Financial Loss

The decrease in monetary value or resources, often due to business operations, market conditions, or legal actions.