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6. An economy's growing efficiency means that opportunity cost results in shrinking average weekly wages. (T/F) Answer: 7. As production for a nation maximizes, opportunity

6. An economy's growing efficiency means that opportunity cost results in shrinking average weekly wages. (T/F)

Answer:

7. As production for a nation maximizes, opportunity cost begins to impose a trade off between products and services that increases with production. (T/F)

Answer:

8. For an efficient economy, opportunity cost accelerates the diminishing marginal (additional) returns. (T/F)

Answer:

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