Q. Why does a nation experience increasing opportunity cost?

a. As the nation moves from a production point within the PPF to one on the PPF, opportunity costs increase.

b. Because the nation cannot produce at the unattainable production points that lie beyond the PPF.

c. Resources are not equally productive in producing different kinds of goods and services.

d. When the amount of resources increases, the opportunity cost of all goods and services increases.

For unlimited access to Homework Help, a Homework+ subscription is required.

Unlock all answers

Get 1 free homework help answer.
Already have an account? Log in
Chika Ilonah
Chika IlonahLv10
28 Sep 2019
Already have an account? Log in

Related textbook solutions

Related questions

Weekly leaderboard

Start filling in the gaps now
Log in