4. Which of the following situations is explained by increasing opportunity costs? a. More people go to

Question:

4. Which of the following situations is explained by increasing opportunity costs?

a. More people go to college when the job market is good.

b. More people do their own home repairs when hourly wages fall.

c. There are more parks in crowded cities than in suburban areas.

d. Convenience stores cater to busy people.

e. People with higher wages are more likely to mow their own lawns.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Krugmans Economics For AP

ISBN: 9781464122187

2nd Edition

Authors: Margaret Ray, David Anderson

Question Posted: