Which Statement Is CORRECT

question 82

Multiple Choice

Which statement is CORRECT?

• A)Resource scarcity is not a major concern in the rich countries of the world.
• B)Most opportunity costs are zero.
• C)An economic situation is in equilibrium when no individual would be better off taking a different action.
• D)Some very talented,skilled individuals who can do everything better than most people should not specialize in doing any one thing.

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Definitions:

Paradox of Progress

The idea that technological and societal advancements, while solving certain problems, create new challenges and complexities in life.

Approach-Avoidance Conflict

A psychological situation where a goal or event has both attractive and unattractive aspects, causing conflict.

Time-Saving Devices

Tools or gadgets designed to reduce the amount of time needed to complete a task or activity.

Loneliness

A sophisticated and typically negative feeling stemming from being alone or without company.