Increasing Opportunity Cost Exists

question 71

Multiple Choice

Increasing opportunity cost exists

• A) in the real world.
• B) as long as there is high unemployment.
• C) only in theory but not in real life.
• D) for a country but not for an individual.
• E) inside the PPF but not on the PPF.

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Definitions:

Car Keys

Physical keys or electronic devices used to lock, unlock, and start an automobile.

Gross Negligence

A severe lack of care or attention to duty that represents a reckless disregard for the safety or lives of others, often leading to serious harm or damage.

Slight Negligence

The failure to use that degree of care that persons of extraordinary prudence and foresight are accustomed to use.

Reasonable Care

A legal standard that requires individuals or entities to act with the caution and diligence that a prudent person would under similar circumstances.