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Homework answers / question archive / Which of the following statements is true? A) The law of increasing opportunity costs assumes that all people have the same ability to produce goods

Which of the following statements is true? A) The law of increasing opportunity costs assumes that all people have the same ability to produce goods

Economics

Which of the following statements is true?

A) The law of increasing opportunity costs assumes that all people have the same ability to produce goods.

B) In a world of efficiently used scarce resources, more of one good necessarily means less of some other goods.

C) Efficiency implies that it is possible to get more of one good without getting less of another.

D) Even if a country has unemployed resources, it can still be operating on its production possibilities frontier.

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