If the Law of Increasing Opportunity Costs Is Operable,and Currently

question 103

Multiple Choice

If the law of increasing opportunity costs is operable,and currently the opportunity cost of producing the 101st unit of good X is 5Y,then the opportunity cost of producing the 201st unit of good is X is most likely to be

• A)less than 5Y.
• B)more than 1/5Y but less than 5Y.
• C)more than 5Y
• D)less than 1/5Y but more than zero.

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Definitions:

Closed Adoptions

An adoption process where there is no exchange of information or contact between the biological and adoptive families.

Birth Parents

The biological parents who gave birth to a child, as opposed to adoptive parents.

Multiethnic Placement Act

A law designed to prevent discrimination on the basis of race, color, or national origin in the placement of children for adoption or foster care.

Public Welfare Agencies

Government organizations responsible for providing social services to individuals and families in need, including financial aid, healthcare, and housing assistance.