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Because Resources Are Not Equally Well Suited to Producing All

Question 95

Multiple Choice

Because resources are not equally well suited to producing all goods,


A) as more of a good is produced the inputs used to produce that good will increase in price.
B) the opportunity costs of producing a good will increase as more of that good is produced.
C) the opportunity costs of producing a good will decrease as more of that good is produced.
D) as more of a good is produced the quality of that good declines and therefore the costs of production increase.

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