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:

Reactants

Substances initially present in a chemical reaction that are consumed during the reaction to make products.

Photosynthesis Products

The outputs of the photosynthesis process, primarily oxygen and glucose, produced by green plants, algae, and cyanobacteria.

Photosynthetic Organisms

Life forms that convert light energy into chemical energy through the process of photosynthesis, typically including plants, algae, and certain bacteria.

Solar Energy

Energy derived from the sun's rays, which can be converted into other forms of energy such as electricity or heat.