1. in an economy producing just beer and autos, producing increasing amounts of autos requires giving up…

1. in an economy producing just beer and autos, producing increasing amounts of autos requires giving up decreasing amounts of beer. true false

1. in an economy producing just beer and autos, producing increasing amounts of autos requires giving up decreasing amounts of beer. true false

Answer

Brief Explanations:

In an economy, typically the law of increasing opportunity - cost applies. This means that as more of one good (autos) is produced, the opportunity cost in terms of the other good (beer) increases, not decreases. So producing more autos usually requires giving up increasing amounts of beer.

Answer:

False