Which of the following cases are examples of industries that have potentially increasing costs due to scarce inputs?

A) Petroleum production
B) Medical care
C) Legal services
D) All of the above

Scarce Inputs

Resources or factors of production that are limited in supply, which constrains economic output and allocative efficiency.

Petroleum Production

The process of extracting crude oil from the earth and refining it into usable petroleum products.

Medical Care

The diagnosis, treatment, and prevention of disease, illness, injury, and other physical and mental impairments in humans through professional services.