Which of the following statements about opportunity cost are true? check all that apply. it exists because resources are scarce. it influences consumers. it influences producers. it assists in anticipating profits. it encourages people to spread their resources around. which of the following statements about opportunity cost are true? check all that apply. it exists because resources are scarce. it influences consumers. it influences producers. it assists in anticipating profits. it encourages people to spread their resources around.

The correct answers are:

It exists because resources are scarce- In American society, there is no such thing as unlimited resources. As a society, it is impossible to produce an unlimited number of resources. With this in mind, people have to make decisions about resources they want to buy/use.

It influences producers- Producers have to make decisions about what products they will make for consumers. Any time they spend on making one product limits the resources they can use to produce a second and different product.

It influences consumers- Consumers must decide how to spend their limited resources when making purchases.

a plantation economy is an economy based on agricultural mass production, usually of a few commodity crops grown on large farms called plantations. plantation economies rely on the export of cash crops as a source of income.

i hope this : )