Which Statement Is an Economic Rationale for the Law of Increasing

question 81

Multiple Choice

Which statement is an economic rationale for the law of increasing opportunity cost?

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

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Definitions:

Multiunit

Referring to a type of smooth muscle arrangement where each muscle cell operates independently, requiring neural input for activation.

Gastrocnemius

A major calf muscle that is involved in running, jumping, and other actions requiring lower leg movements.

GI Tract

The gastrointestinal tract, a system of organs responsible for digestion and absorption of food, extending from the mouth to the anus.

Autonomic Nervous System

The part of the nervous system that controls involuntary actions of the body, including heartbeat, digestion, and respiratory rate.