________ Marginal Opportunity Cost Implies That the More Resources Already

question 124

Multiple Choice

________ marginal opportunity cost implies that the more resources already devoted to any activity, the payoff from allocating yet more resources to that activity increases by progressively smaller amounts.

• A)Increasing
• B)Decreasing
• C)Constant
• D)Negative

---

Definitions:

Iroquois Confederacy

A union of several Native American tribes in the northeastern United States, known for their influence on democratic practices and their role in American history.

European-Style

Referring to something, such as design, fashion, or cuisine, that is characteristic of or influenced by European traditions and cultures.

Gradual Emancipation

A legal process through which the emancipation of slaves was made to occur slowly over a period of time, rather than immediately.

Legislature Abolished

The disbandment or termination of a legislative body, which is an assembly with the authority to make, amend, and repeal laws.