Increasing Opportunity Costs Are Due to Resources or Factors of Production

question 7

True/False

Increasing opportunity costs are due to resources or factors of production being non-homogenous and not used in the same intensity for all commodities.

---

Definitions:

Attention

The action of focusing cognitive resources on a specific stimulus or task, excluding others.

Memory

The cognitive function that allows an individual to store, retain, and subsequently recall information.

Static Stimuli

Visual or auditory input that does not change over time, used in experiments to assess sensory or cognitive responses.

Dynamic Stimuli

Stimuli that are constantly changing or moving, often used in psychological experiments to test perception and cognition.