What Is the Reason for the Law of Increasing Opportunity

question 143

Multiple Choice

What is the reason for the law of increasing opportunity costs?

• A)There is no reason: it is just one of the laws of economics.
• B)Resources have varying abilities and those with lower opportunity costs of producing a good will be used to produce it before resources with higher opportunity costs produce it.
• C)The price of a good rises as more of it is demanded.
• D)As more of a good is produced, the taxes applied to the production of the good rise.

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Definitions:

Positive Stressor

An event or situation that causes stress but is perceived as beneficial or motivating, leading to improved performance or well-being.

Distress

Emotional, mental, or physical strain or suffering that can negatively impact well-being.

Coping Strategy

Techniques or methods that individuals use to deal with stressful situations or emotions.

Emotion-Focused

A coping strategy in which individuals seek to manage their emotional response to a situation rather than trying to change the situation itself.