The Principle of Increasing Opportunity Cost Leads to

question 164

Multiple Choice

The principle of increasing opportunity cost leads to

• A) a production possibilities frontier (PPF) that is bowed inward from the origin.
• B) a production possibilities frontier (PPF) that is bowed outward from the origin.
• C) an inward shift of the production possibilities frontier (PPF).
• D) an outward shift of the production possibilities frontier (PPF).

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Definitions:

Ruler

A tool used for measuring distances or drawing straight lines, typically made of wood, metal, or plastic.

Inline Object

An object within a text stream that is part of the line itself, such as an image or chart, moving along with the text without breaking the flow.

Specific Location

A precise or particular place or position, often indicated by coordinates or an address.

In Front of Text

In front of text refers to placing graphical objects in a document's layout so they appear over the text, often used in word processing and graphic design.