Because Resources Are Not Perfectly Adaptable to the Production of Both

question 134

Multiple Choice

Because resources are not perfectly adaptable to the production of both good A and good B,

• A)the opportunity cost of A increases as production of A increases
• B)the opportunity cost of A decreases as production of A increases
• C)it is impossible for the economy to produce both A and B
• D)the opportunity cost of A is constant
• E)the opportunity cost of B is constant

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Definitions:

Sizing Handle

A graphical user interface component, usually seen as small boxes on the corners of a selected object, that allows the user to resize the object.

New Record

Refers to setting or achieving an unprecedented level or result in a particular field.

Lookup Value

In spreadsheet applications, a function that searches for a value in a column or row and returns a corresponding value from another column or row.

Table Array

A range of cells within a spreadsheet or database that is organized in rows and columns, often used in lookup functions.