If There Is Increasing Opportunity Cost,then When Moving Downward on a Production

question 276

Multiple Choice

If there is increasing opportunity cost,then when moving downward on a production possibilities frontier,the opportunity cost of the good on the horizontal axis ________ as more of the good is produced.

• A) increases and the PPF gets steeper
• B) increases and the PPF gets flatter
• C) decreases and the PPF gets steeper
• D) decreases and the PPF gets flatter
• E) does not change and the PPF gets steeper

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Definitions:

Satisfied Need

A requirement or necessity that has been adequately fulfilled, leading to a sense of contentment.

Individual

Refers to a single person or entity, distinguished from a group or collective.

Person's Motives

The underlying reasons or intentions that drive an individual's actions or decisions.

Reflected Behavior

Actions or reactions that mirror or are influenced by the behavior of others, often observed in social settings.