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.

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Definitions:

Stratified

Layers or levels that are arranged one on top of another, often referring to the layering found in sedimentary rocks or societal hierarchies.

Simple

Easily understood or done; presenting no difficulty, characterized by simplicity.

Lymph

A clear fluid that circulates in the lymphatic system, carrying immune cells and removing toxins and waste materials from bodily tissues.

Fibroblasts

Connective tissue cells that produce the fibers and the protein and carbohydrate complexes of the matrix of connective tissues.