Econ 101 dsm 2 exam - Study guides, Class notes & Summaries

ECON 101 DSM 2 Exam - Questions and Answers Contracts, insurance, patents, and accounting rules are: inventions that make the market work better The principle of increasing marginal opportunity cost states that the more resources are devoted to any activity, the ________ the payoff to devoting additional resources to that activity Smaller An outward shift on the PPF curve is most lively caused by: a technological advance that affects both variables In what type of economy does the government d...