The economy's factors of production are not equally suitable for producing different types of goods.This principle generates:
A.economic growth.
B.technical efficiency.underuse of
C.resources.
D.the law of increasing opportunity cost.
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q29: The production possibility frontier is bowed out
Q30: All points outside the production possibility frontier
Q31: Figure: Production Possibility Frontier Curve for Tealand
Q32: One of the controversies surrounding America's energy
Q33: The production possibility frontier will shift outward
Q36: If Poland decides to increase the production
Q37: All points inside the production possibility frontier
Q38: If an economy is producing at a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents