Title: QUIZ: Production Possibilities Frontier (3/3) The Law of Increasing Opportunity Cost -- Economic Lowdown Video Series
Course: Recommended Resources for AP Macro from FRE > Section: Unit 1: Basic Economic Concepts

Q: A straight frontier line shows that opportunity cost
- remains constant when moving along the frontier.
- increases when moving along the frontier.
- decreases when moving along the frontier.
A: remains constant when moving along the frontier.

Q: In reality, the frontier line is a
- straight line.
- curved line, with the middle portion pushed outward.
- curved line, with the middle portion pushed inward.
A: curved line, with the middle portion pushed outward.

Q: As you _____ production of one good, the opportunity cost of producing the additional good will _______.
- decrease; remain constant
- increase; remain constant
- decrease; increase
- increase; increase 
A: increase; increase 

Q: Why does the law of increasing opportunity cost occur?
- Some resources are better suited for some tasks than others.
- As opportunity cost increases, production increases.
- The marginal market price of goods rises as more is produced.
- As opportunity cost increases, production decreases.
A: Some resources are better suited for some tasks than others.

Q: Anytime you move from one point to another along the frontier, ________ is revealed.
- scarcity
- opportunity cost
- revenue
- the size of the labor market
A: opportunity cost