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All goods and services are scarce because A. some goods cost more than others. B. resources are limited. C. things are either needs or wants. D. greedy people want too many goods. User: The law of increasing costs means that as production shifts from one item to another: A. the cost of production gets cheaper and cheaper. B. the cost of producing an item stays the same no matter how many are produced. C. more and more resources are necessary to increase ...
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Updated 4/13/2016 5:05:47 PM
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All goods and services are scarce because resources are limited.
Added 4/13/2016 5:03:54 PM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by yumdrea [4/13/2016 7:55:00 PM]
The law of increasing costs means that as production shifts from one item to another more and more resources are necessary to increase production of the second item.
Added 4/13/2016 5:05:47 PM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by yumdrea [4/13/2016 7:55:02 PM]
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