Because Resources Tend to Be Specialized, If a Society Chooses

question 246

Multiple Choice

Because resources tend to be specialized, if a society chooses to increase production of military goods, this tends to

• A)result in a decrease in the opportunity cost of more military goods.
• B)result in an increase in the opportunity cost of more nonmilitary goods.
• C)result in an increase in the opportunity cost of more military goods.
• D)change the position of the production possibilities curve.
• E)alter the slope of the production possibilities curve.

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Definitions:

Salvage Company

A business specializing in salvaging materials from discarded or damaged products, often recycling them for future use.

Defective Units

Products that fail to meet quality standards and are either scrapped or reworked depending on the severity of the defect.