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Resources and Scarcity

Question 7 • * HSA 26-27 Economics

A manufacturer that requires scarce and costly resources is likely to charge for its products.

Answer
A
less
B
the same
C
more

Explanation

Scarce and costly resources increase the manufacturer's cost of producing each product. To cover those higher costs, the manufacturer is likely to charge more for its products, so the correct choice is “more.”

AI-written and checked against the verified answer.