(solution) Pol Sci2212 1 Fall2016 jsm Which of the following is the

(solution) Pol Sci2212 1 Fall2016 jsm Which of the following is the

Pol Sci2212 §1 Fall2016 jsm

Which of the following is the underlying reason for the law of increasing opportunity cost?

  • A. Higher prices cause production of all goods to increase.
  • B. Capital goods cannot be divided into smaller units.
  • C. Resources are scarce.
  • D. Resources are not equally suited to the production of all goods.
  • E. Managerial inefficiency results in diseconomies of scale.