As an economy increasingly specialises in producing one good,the opportunity cost of that good increases.The opportunity cost increases because
A) not all goods are equally valuable.
B) resources are not equally productive in all activities.
C) human wants are virtually unlimited.
D) what must be paid to resources increases.
E) as more of a good is produced the profit from its production must rise.
Correct Answer:
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Q77: Q78: Q79: Q80: A country produces only apples and bananas.Moving Q81: Q83: A bowed out production possibilities frontier shows Q84: As an economy produces more of one Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()
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