Environmental resources can always be substituted by other factors of production at a
decreasing opportunity cost.

Name: Environmental resources can always be substituted by other factors of production at a decreasing opportunity cost.
Brand: Quizplus
Rating: 5.0 (59 reviews)

Question

Environmental resources can always be substituted by other factors of production at a
 decreasing opportunity cost.

Quizplus · Accepted Answer

Environmental resources are finite and cannot be substituted by other factors of production at a decreasing opportunity cost. In fact, as environmental resources become scarcer, the opportunity cost of using alternative factors of production increases.

Environmental Resources Can Always Be Substituted by Other Factors of Production