As an Economy Increasingly Specializes in Producing One Good,the Opportunity

question 87

Multiple Choice

As an economy increasingly specializes in producing one good,the opportunity cost of that good increases.The opportunity cost increases because

• A) resources are not equally productive in all activities.
• B) what must be paid to resources increases.
• C) human wants are virtually unlimited.
• D) not all goods are equally valuable.
• E) as more of a good is produced, the profit from its production must rise.

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Definitions:

Growth

An increase in size, number, value, or strength; in biology, it's the process by which organisms increase in size through cell multiplication.

Reproduction

The biological process by which organisms produce new individuals of their species, ensuring the continuation of genetic information.

Chemical Combination

A process where two or more substances react to form a new substance with different chemical properties.

Chemical Compound

A substance formed from two or more elements chemically united in fixed proportions.