Constant Opportunity Costs Suggest That the Relative Cost of Producing

question 24

True/False

Constant opportunity costs suggest that the relative cost of producing one product in terms of the other will remain the same no matter where a nation chooses to locate on its production-possibilities schedule.

---

Definitions:

Older People

Persons of advanced age, often considered to be those who have lived beyond the average lifespan of human beings, and who experience unique social, economic, and health-related challenges.

Ethnic Group

A community or population made up of people who share a common cultural background or descent.

Own Group

The social group to which a person identifies or belongs, often influencing one's beliefs, behavior, and perceptions of others.

Rehabilitation Act

A federal law enacted in 1973 designed to protect individuals with disabilities from discrimination and ensure their rights in programs receiving federal financial assistance.