The statement "Resources employed in producing X are better suited to making Y" is another way of saying resources
A)are specialized.
B)are scarce.
C)are used inefficiently.
D)are unproductive.
E)have no opportunity cost.

Question

Quizplus · Accepted Answer

Resources being better suited to producing one good over another indicates specialization, meaning they are more efficient or effective in producing that particular good.

The Statement "Resources Employed in Producing X Are Better Suited