Question

Economists usually assume that production is subject to increasing opportunity costs because: a. higher production usually results in more inflation. b. if production is efficient, it is not possible to increase the production of all goods simultaneously. c. individuals desire constantly increasing opportunities to make themselves better off. d. not all resources are equally suited to producing every good.

Answer 1

Answer:

d. not all resources are equally suited to producing every good.

Explanation:

The rule of increasing cost of opportunity is the principle that, when you keep increasing the development of one item, the cost of opportunity of creating the next unit rises. It occurs just as you redistribute resources to create one product which was ideally suited to create the initial product.