Choose the correct words to make the following statements true:
The opportunity cost of producing guns (increases, decreases, stay constant) as more guns are produced.
Correct. As more guns are produced the opportunity cost of guns - the loss of food – increases as more guns are produced.
Think again. As more guns are produced the opportunity cost of guns - the loss of food – increases as more guns are produced.
Think again. As more guns are produced the opportunity cost of guns - the loss of food – increases as more guns are produced.