When a Society Takes Increasing Amounts of Resources and Applies

question 351

Multiple Choice

When a society takes increasing amounts of resources and applies them to the production of a specific good, resulting in increasing opportunity costs for each additional unit produced, which of the following applies?

• A) the law of demand
• B) the law of supply
• C) the law of scarcity
• D) the law of increasing additional costs

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Definitions:

David Walker

An African American abolitionist who published an appeal in 1829 calling for the end of slavery and equal rights for Black people.

North Carolina

A U.S. state located in the southeastern region, known for its diverse landscapes, ranging from Atlantic Ocean beaches to the Appalachian Mountains.

Coloured Citizens

Term historically used, now considered dated and offensive, to refer to people of non-white racial backgrounds, particularly African Americans.

William Lloyd Garrison

A prominent American abolitionist, journalist, and social reformer known for his strong advocacy for the immediate emancipation of all slaves.