As Resources Are Not Perfectly Adaptable to the Production of Both

question 144

Multiple Choice

As resources are not perfectly adaptable to the production of both Good A and Good B,_____.

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

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Definitions:

Values

Fundamental beliefs or standards of behavior that guide decisions and actions.

Beliefs

are convictions or acceptances that something exists or is true, especially without proof.

Decision Process

The sequence of cognitive steps taken by individuals or groups in selecting among alternatives to make a decision.

Traveling

The act of moving from one place to another, which can be for various purposes including leisure, business, or exploration.