Because of scarcity of factors of production,
A) only goods in relative abundance are free
B) all goods tend to be expensive
C) an economy cannot operate at maximum capacity
D) economic decisions usually entail opportunity costs

Question

Quizplus · Accepted Answer

Scarcity of factors of production means that resources are limited, and when choosing how to allocate these limited resources, one option's gain is another's loss, leading to opportunity costs.

Because of Scarcity of Factors of Production