As We Move Along a Production Possibilities Curve and Acquire

question 90

Multiple Choice

As we move along a production possibilities curve and acquire larger and larger amounts of one good (e.g. ,guns) ,the sacrifices of the alternative good (e.g. ,butter) become larger and larger.This is an illustration of

• A)the law of demand.
• B)the law of large numbers.
• C)the law of supply.
• D)decreasing opportunity costs.
• E)increasing opportunity costs.

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Definitions:

Unrealistic Impression

A mistaken or over-optimistic idea about someone or something that does not align with reality.

Written Referral

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Comprehensive Services

A wide-ranging set of programs or interventions designed to address multiple aspects or dimensions of a problem, issue, or need.

Duplication

The act or process of making an exact copy of something, or repetition of an effort, which can lead to inefficiency or waste in some contexts.