As an Economy Increasingly Specializes in Producing One Good,the Opportunity

question 87

Multiple Choice

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.

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