The Opportunity Cost of Producing a Good Rises Only Slightly

question 329

Multiple Choice

The opportunity cost of producing a good rises only slightly as the quantity produced increases.This good has

• A) an inelastic demand.
• B) an elastic demand.
• C) an elastic supply.
• D) an inelastic supply.
• E) a perfectly elastic supply.

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Definitions:

Parental Attention

The degree of care, awareness, and responsiveness a parent shows towards their child's needs and activities.

Infantile Amnesia

The inability of adults to recall autobiographical memories from early childhood, typically before the age of 3 or 4 years.

Insecure Attachments

A type of relationship pattern developed in childhood due to consistently unresponsive or inappropriate responses from caregivers, leading to difficulties in relationships later in life.

Parenting Style

The manner in which a parent behaves towards and interacts with their child, including disciplinary methods, warmth and nurturing, communication, and expectations of maturity.