The law of increasing opportunity costs is a result of the fact that: Choose one

Question

The law of increasing opportunity costs is a result of the fact that: Choose one answer.

a. the value of the dollar has declined over time.
b. wage rates rise as the economy reaches full employment.
c. consumers tend to value a good more when they don't have much of it.
d. resources are not equally productive in all output categories.











The law of increasing opportunity costs is a result of the fact that: Choose one answer.

a. the value of the dollar has declined over time.
b. wage rates rise as the economy reaches full employment.
c. consumers tend to value a good more when they don't have much of it.
d. resources are not equally productive in all output categories. The law of increasing opportunity costs is a result of the fact that: Choose one answer.













a. the value of the dollar has declined over time.
b. wage rates rise as the economy reaches full employment.
c. consumers tend to value a good more when they don't have much of it.
d. resources are not equally productive in all output categories.

Explanation / Answer

c. consumers tend to value a good more when they don't have much of it.

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