The Principle of Increasing Opportunity Costs States That

question 74

Multiple Choice

The Principle of Increasing Opportunity Costs states that:

• A)productive people do the hardest tasks first.
• B)when increasing production, resources with the lowest opportunity costs should be used first.
• C)when increasing production, resources with the lowest opportunity costs should be used last.
• D)opportunity costs increase when too little is produceD.This principle is also known as the Low­Hanging­Fruit Principle: take advantage of your least­cost opportunities first.

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Definitions:

Sudeten Region

A historically contentious area in Central Europe, primarily in the Czech Republic, known for its German-speaking majority before WWII.

Great Britain

A sovereign country located off the northwestern coast of mainland Europe comprising England, Scotland, and Wales, with a storied history of global influence.

French Declaration

The Declaration of the Rights of Man and of the Citizen, a fundamental document of the French Revolution that outlined individual and collective rights.