Use the Following to Answer Questions

question 266

Multiple Choice

Use the following to answer questions:
Figure: Strawberries and Submarines
-(Figure: Strawberries and Submarines) Use Figure: Strawberries and Submarines.As the economy moves from point A toward point D,it can be find that the opportunity cost of each additional submarine:

• A) falls.
• B) rises.
• C) remains unchanged.
• D) doubles.

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Definitions:

Possessory Right

This term refers to the right of an individual or entity to possess or control a certain property or asset.

Mislaid

Property that is placed somewhere intentionally and then forgotten by the owner, distinguishing it from lost or stolen property.

Lost

A state or condition in which something is unable to be found or has gone missing.

Discarded

Thrown away or disposed of as no longer useful or required after consideration.