According to the Principle of Increasing Opportunity Cost, Expanding Production

question 71

Multiple Choice

According to the principle of increasing opportunity cost, expanding production requires using resources in which order?

• A) In random order.
• B) Starting with the resource with the highest opportunity cost and progressing to the lower opportunity cost resources.
• C) Starting with the resource closest to the average opportunity cost, then progressing to higher opportunity cost resources.
• D) Starting with the resource with the lowest opportunity cost and proceeding to the higher opportunity cost resources.

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Definitions:

Penumbra of Protection

A legal term referring to a group of rights derived, by implication, from other rights explicitly protected in the Constitution.

Bill of Rights

The first ten amendments to the United States Constitution, guaranteeing fundamental civil rights and liberties such as freedom of speech, assembly, and worship.

Free Exercise Clause

A provision in the First Amendment to the U.S. Constitution that prohibits the government from interfering with an individual's right to practice their religion.

Establishment Clause

A section of the First Amendment to the U.S. Constitution prohibiting the government from establishing an official religion.