Increasing Opportunity Cost Implies That

question 124

Multiple Choice

Increasing opportunity cost implies that

• A)producing additional units of one good results in increasing amounts of lost output of the other.
• B)producing additional units of one good results in proportionately smaller reductions in the other.
• C)the society will be producing on its production possibilities curve.
• D)the production possibilities curve will be a straight line.

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Definitions:

Ø Symbol

The Ø symbol is used in engineering and architectural drawings to denote the diameter of circles or cylindrical features.

First-Angle Projection

A method of creating engineering drawings where the object is imagined to be in the first quadrant, with planes between the viewer and the object.

Second-Angle Projection

A drafting technique where the object is viewed from directly above, with views rotated 90 degrees around the object's axis, commonly used in European countries.

Third-Angle Projection

A method of orthographic projection used primarily in the United States, where the object is imagined to be located in the third quadrant.