The Law of Increasing Additional Costs Is Due to

question 32

Multiple Choice

The law of increasing additional costs is due to

• A)taxes.
• B)scarcity.
• C)the fact that it is more difficult to use resources efficiently the more society produces.
• D)the fact that resources are not perfectly adaptable for alternative uses.

---

Definitions:

American Economy

The economic system of the United States, characterized by private enterprise, a variety of industries, and a complex financial market.

New Deal

A series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States during the 1930s in response to the Great Depression.

Global Economic Crisis

A period of worldwide financial instability, which can lead to a downturn in the global economy affecting multiple countries and economies.

Adolf Hitler

The leader of the National Socialist German Workers' Party (Nazi Party), whose fascist policies led to World War II and the genocide of millions, known as the Holocaust.