The law of increasing costs states that
A. opportunity costs decrease as more of one good is produced.
B. increasing resource prices are inevitable because of scarcity.
C. opportunity costs increase as more of one good is produced.
D. resources can be easily adapted to the production of any good
C. opportunity costs increase as more of one good is produced.
Economics
You might also like to view...
Investment value is based on the __________________ of the individual investor, not the market value in general.
Fill in the blank(s) with the appropriate word(s).
Economics
An asset's interest rate risk ________ as the duration of the asset ________
A) increases; decreases B) decreases; decreases C) decreases; increases D) remains constant; increases
Economics