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Which of the following is an example of a service? A. Food B. Clothing C. Video games D. Haircuts
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Asked 2/5/2016 8:15:15 AM
Updated 8/14/2016 11:45:09 PM
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User: Which of the following is an example of a service? A. Food B. Clothing C. Video games D. Haircuts

Weegy: A. Haircuts is an example of a service.



User: What line on a production possibilities curve shows the amounts of goods produced? A. production possibilities frontier B. opportunity cost line C. utilization of resources D. maximum possible production line

Weegy: A. production possibilities frontier
papop|Points 184|

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 production of the second item. D. the land costs of increasing production rise much more steeply than do the labor costs.

Weegy: The law of increasing costs means that as production shifts from one item to another, A. the cost of production gets cheaper and cheaper.
OxTornado007|Points 6899|

User: 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.

Question
Asked 2/5/2016 8:15:15 AM
Updated 8/14/2016 11:45:09 PM
2 Answers/Comments
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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 8/14/2016 11:45:04 PM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [8/15/2016 2:08:31 AM]
3
All goods and services are scarce because resources are limited.
Added 8/14/2016 11:45:07 PM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [8/15/2016 2:08:56 AM]
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