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:

Sanctuary of Fortuna Primigenia

An ancient Roman religious complex in Palestrina, notable for its terraced construction and architectural grandeur.

Metal Armatures

The metal framework or skeleton used to support sculptures or other structures during their construction.

Colossal Structure

A term referring to extremely large buildings or monuments, impressive in size and scale.

Second Style

A style of Roman wall painting that emerged in the 1st century BCE, characterized by the illusion of three-dimensional space on flat surfaces.