As an economy increasingly specializes in producing one good,the opportunity cost of that good increases.The opportunity cost increases because
A) resources are not equally productive in all activities.
B) what must be paid to resources increases.
C) human wants are virtually unlimited.
D) not all goods are equally valuable.
E) as more of a good is produced, the profit from its production must rise.
Correct Answer:
Verified
Q80: Q81: A bowed out production possibilities frontier shows Q82: The bowed out (concave)shape of the production Q83: The fact of increasing opportunity cost when Q84: Q86: Suppose that in a PPF graph,wheat is Q87: When a production possibilities frontier is bowed 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![]()
A)![]()