Skip to main content
Indietro

Chapter 2

I pulsanti di controllo sono stati cambiati in modalità "navigazione".
1/2

Termini in questo insieme (2)

  • Law of increasing opportunity cost

    As production of a particular good increases, the marginal opportunity cost also rises. This principle arises because resources are not equally efficient at producing every good

  • Comparative advantage

    the ability of an individual, a firm, or a country to produce more of a good or service than competitors, using the same amount of resources.