WHEN SOCIETY OVERALLOCATES RESOURCES TO A PRODUCT IT MEANS THAT TH...
111.When society overallocates resources to a product it means that the:investment in the product is declining.opportunity cost of the product is decreasing.marginal benefit is greater than the marginal cost.→ marginal benefit is less than the marginal cost. AACSB: AnalyticBlooms: RememberDifficulty: 2 MediumLearning Objective: 01-05 Apply production possibilities analysis; increasing opportunity costs; and economic growth.Multiple Choice Question Topic: Production possibilities model