When a Society Takes Increasing Amounts of Resources and Applies

question 351

Multiple Choice

When a society takes increasing amounts of resources and applies them to the production of a specific good, resulting in increasing opportunity costs for each additional unit produced, which of the following applies?

• A) the law of demand
• B) the law of supply
• C) the law of scarcity
• D) the law of increasing additional costs

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Definitions:

JDBC

Java Database Connectivity, a Java API for connecting and executing queries with databases.

Sleep Method

A method used to pause the execution of a program for a specified period of time.

Formal Parameter

A variable specified in the method declaration that accepts the value passed to the method during its invocation.

Milliseconds

A unit of time equal to one thousandth of a second, commonly used in computing and time measurements.