Use the Figure Below to Answer the Following Questions

question 93

Multiple Choice

use the figure below to answer the following questions :

-As we move from points N to M to L,the opportunity cost of additional apple pie

• A) decreases due to the law of increasing relative cost.
• B) increases due to the law of increasing relative cost.
• C) decreases due to the law of normative economics.
• D) increases due to the law of marginal analysis.
• E) decreases due to enhancements in technology.

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Definitions:

Legal Positivism

A school of thought in jurisprudence that holds that laws are rules made by human beings and that there is no inherent or necessary connection between law and morality.

Historical School

A philosophy of law that emphasizes the evolutionary nature of law, focusing on the origins, cultural contexts, and historical development of legal systems.

Local Ordinance

A statute or regulation enacted by a municipal or county authority to govern matters not covered by federal or state law.

Cost-Benefit School

An economic approach that evaluates the outcomes of policies or projects by comparing their costs to their benefits, emphasizing efficiency.