The better a person is at producing one good:
A) the worse he is at producing other goods.
B) the higher the opportunity cost to him of producing other goods.
C) the lower the incentive he has to trade with other people.
D) the better he is at producing other goods.

Question

Quizplus · Accepted Answer

The concept of opportunity cost states that when a person specializes in producing one good, they have to give up the opportunity to produce other goods. The better they are at producing one good, the higher the opportunity cost of giving up that production for other goods. Therefore, choice B is the correct answer.

The Better a Person Is at Producing One Good