--%>

Problem regarding opportunity cost

In a completely employed economy, the reduction in an output for one good which is needed to raise the output of another good: (1) Symbolizes an opportunity cost. (2) Makes society inferior off than before. (3) Enhances economic welfare. (4) Needs technological advances. (5) Is an needless sacrifice.

Can someone please help me in finding out the right answer from the above options.

   Related Questions in Econometrics

  • Q : Problem regarding Division of Labor

    Rocky Mountain encompass one group of workers shape metal tubing whereas other groups weld frames, others bring together, paint flames on gas tanks, and  test ride new cycles at Rocky’s Custom Choppers. Rocky’s firm relies on the division of: (1) Task

  • Q : Allocative Mechanisms-Markets Can

    Can someone help me in finding out the accurate answer from the given options. Production which is most compatible with the consumer tastes and preferences is more probable whenever allocation is decided by: (1) Queuing. (2) Majority voting. (3) Indiv

  • Q : Diminishing Returns-Concave from origin

    The inevitability of ultimately raising opportunity costs might be employed to explain why: (1) Scarcity is the worsening problem in industrial societies. (2) Production possibilities frontiers are concave from origin. (3) Services cost more than good

  • Q : Consequence of division of labor Betsy

    Betsy possesses a cake decorating business, and working alone, she can make 10 wedding cakes a day. Though, whenever Betsy hired a helper, output enlarged to 30 wedding cakes daily. This raised output is most probable an outcome of: (1) Law of diminishing returns. (2)

  • Q : Opportunity Costs-Linear possibility

    I have a problem in economics on Opportunity Costs. Please help me in the following question. The linear (or straight line) production possibilities frontier would mean that the opportunity costs are: (i) increasing. (ii) Decreasing. (iii) Constant. (

  • Q : Fiscal policy Which one of the

    Which one of the following statements about discretionary fiscal policy is correct? A. Discretionary fiscal policy refers to the changes in taxes and transfers that occur as GDP changes. B. Discretionary fiscal policy refers to any change in government spending or taxes that destabilizes the econo

  • Q : History of idle capacity during world

    Can someone please help me in finding out the right answer from the following question. Huge idle capacity in the U.S. at the beginning of World War II made: (1) The war costless for United States. (2) U.S. living standards drop more than had all reso

  • Q : History of US economy Shortly prior to

    Shortly prior to the onset of World War II, the U.S. economy: (1) Operated on the edge of its production possibilities frontier. (2) Was slothfully recovering from huge unemployment. (3) Expanded fast to accommodate the electrification and jet flight.

  • Q : Allocative Mechanisms Allocative

    Allocative mechanisms like the market system, queuing, brute force, and random choice: (1) Depict the menu accessible to a society with infinite resources. (2) Illustrate relationships among inputs and outputs. (3) All tend to be less proficient than

  • Q : Technological advances in Economic

    Can someone help me in finding out the right answer from the given options. Points exterior to the production possibilities frontier become possible when: (i) Depreciation surpasses saving. (ii) Technology advances. (iii) Exports surpass imports. (iv) Resource underem