Which of the Following Statements Describes the Law of Increasing

question 121

Multiple Choice

Which of the following statements describes the law of increasing costs?

• A)As the economy's production level of any particular item decreases,its opportunity cost rises.
• B)As the economy's production level of any particular item increases,its opportunity cost rises.
• C)The prices of consumer goods always rise and never fall.
• D)If someone waits to make a purchase,she will pay a higher price.
• E)The total cost of production rises as output goes up.

---

Definitions:

Sustainable Development

Meets the needs of the present without hurting future generations.

Earth Summit

A conference held to address global environmental problems and encourage sustainable development, notably the 1992 UN Conference on Environment and Development.

Pillars

Fundamental principles or structures that support or hold up a system, organization, or ideology.

Business Sustainability

refers to the strategies and practices a company employs to manage its environmental, social, and economic impacts while ensuring longevity and success.