Economics > STUDY GUIDE > WGU C719 Macroeconomics Questions & Answers | 745 Questions with 100% Correct Answers | Verified | L (All)
WGU C719 Macroeconomics Questions & Answers | 745 Questions with 100% Correct Answers | Verified | Latest Update | 157 Pages
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The value of the best alternative that is sacrificed to obtain something you want is a/an - ✔✔Opportunity cost What is a graph that shows the various combinations of choices an individual can ma... ke with the resources available? - ✔✔Choice curve The assumption that all resources are alike will produce a - ✔✔straight line curve A curved production possibilities curve (PPC) changes the assumption that resources are - ✔✔alike What explains how the production of larger amounts of one good leads to an increase in the sacrifice of the alternative good? - ✔✔the law of increasing opportunity costs [Show More]
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