Which of the Following Statements Is an Explanation for the Law

question 199

Multiple Choice

Which of the following statements is an explanation for the law of increasing opportunity costs?

• A) Many economic resources are better at producing one product rather than another.
• B) The economy is employing all of its available resources.
• C) In any economy, the state of technology is changing and resources are variable.
• D) The economy is achieving productive efficiency by producing goods at the least cost.

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Definitions:

Secondary Reinforcers

Stimuli that have become reinforcing through association with primary reinforcers; they do not satisfy biological needs but often hold value, such as money or praise.

Concepts

General ideas or understandings that can be used to group together objects, events, qualities, or abstractions that are similar in some way.

Visualized

The process of forming mental visual images of objects, scenarios, or outcomes.

Stubby Tail

A short or abbreviated tail appearing notably compact or truncated compared to the usual length for the species.