Which of the following cases are examples of industries that have potentially increasing costs due to scarce inputs?
A) Petroleum production
B) Medical care
C) Legal services
D) All of the above

Question

Quizplus · Accepted Answer

Petroleum production requires finite resources that are becoming scarcer over time, such as oil reserves, which can increase the cost of production as companies must invest in more advanced technologies or explore more remote and difficult-to-reach areas for new resources. Medical care and legal services also rely heavily on skilled labor and specialized inputs, such as advanced medical equipment or legal expertise, that can become increasingly scarce and expensive over time.

Which of the Following Cases Are Examples of Industries That