Advertising costs are ________ costs and the per unit cost of advertising ________ as production increases

The inflation experienced in the United States during the late 1960s as a result of the spending on the Vietnam War is an example of: a. hyperinflation

b. demand-pull inflation. c. disinflation. d. cost-push inflation. e. cyclical inflation.

Along a production possibilities curve that is concave to the origin, the opportunity cost of production of the good on the horizontal axis ____ as we move down along the curve

a. Decreases b. Increases c. remains constant d. first decreases, then increases