The Law of Increasing Additional Cost Is Due to

question 126

Multiple Choice

The law of increasing additional cost is due to

• A)scarcity.
• B)inefficient use of technology.
• C)the fact that resources are not perfectly adaptable for alternative uses.
• D)the fact that there are always alternatives and it is costly to figure out which alternative is best.

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Definitions:

Insecure

Lacking confidence and assurance; feeling doubtful about oneself or one's abilities.

Mature

A term describing an organism, individual, or system that has reached a fully developed or final stage in its growth or development.

Bystander Effect

The phenomenon where individuals are less likely to offer help to a victim when other people are present, often due to a diffusion of responsibility.

Mere Exposure Effect

A mental effect where individuals grow fond of something simply due to their familiarity with it.