MCQOPTIONS
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| 1. |
The law of increasing opportunity costs states that |
| A. | along a production possibilites curve, increases in the production of one good make the production of that good easier and easier |
| B. | increases in wages cause increases in the costs of production |
| C. | costs of production increases and then decreases |
| D. | along a production possibilities curve, increases in the production of one good require larger and larger sacrifices of the other good |
| Answer» E. | |