True or false? As the economy grows, the opportunity costs of economic growth decrease.

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True or false? As the economy grows, the opportunity costs of economic growth decrease.

Macroeconomics:

Macroeconomics is a sub-category under the subject of economics, which deals with the wide area's variables of the economy. It studies all the concepts of microeconomics widely and explains the behavior of the whole economy regarding the final produced output.

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The given statement is: False

It is because the opportunity cost will also increase as the current consumption of goods and services increases. The...

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Opportunity Cost: Definition & Examples

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Chapter 1 / Lesson 2
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What is Opportunity Cost? Learn the definition and explore real-life examples of this concept. Also, learn the types of opportunity costs and what they represent.


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