Differentiated" is another word for:

Refer to the figure above. Calculate the revenue earned by the government when it imposes a tariff of $1 on chairs

A) $10 B) $20 C) $30 D) $40

The proposition that states that as output increases for one good in an economy that is on its production possibilities curve, the cost of additional units of the good on the horizontal axis will be greater and greater is the:

A) law of absolute advantage. B) law of increasing opportunity cost. C) law of policy ineffectiveness. D) law of demand.