Question

the production possibilities model illustrates an inverse relationship between two goods or services because
select one:
o a. some goods are more difficult to produce that others.
o b. production of different types will compete for limited resources.
o c. of diminishing returns.
o d. the opportunity cost of producing more of something will rise.

Explanation:

The production possibilities model is based on the concept of scarcity. Resources are limited. When producing two goods or services, producing more of one means using resources that could have been used for the other. This competition for limited resources (not difficulty of production, diminishing returns in a narrow sense here, or just rising opportunity cost in isolation as the core reason for the inverse relationship) creates the inverse relationship.

Answer:

B. production of different types will compete for limited resources.