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) As the nation moves from a production point within the PPF to another point also within the PPF, opportunity costs increase.
C) When the amount of resources increases, the opportunity cost of all goods and services increases.
D) Resources are not equally productive in producing different kinds of goods and services.
E) Because the nation cannot produce at the unattainable production points that lie beyond the PPF.
D
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What makes the supply of U.S. dollars change?
What will be an ideal response?
Trade restrictions:
A. increase the cost or difficulty of making exchanges across national borders. B. can explain why purchasing power parity doesn't typically hold. C. discourage people from fully taking advantage of lower prices in other countries. D. all of the above statements are true.