Given that you observe nothing but the high price of the product, you are more likely to infer that

Why did the fall in housing prices lead to bank failures in the U.S. during 2007-2009?

What will be an ideal response?

Increasing opportunity cost occurs along a production possibilities frontier because

A) resources are not equally productive in all activities. B) increasing wants need to be satisfied. C) in order to produce more of one good decreasing amounts of another good must be sacrificed. D) production takes time.