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:

Substance Abuse

The harmful and excessive use of psychoactive substances, including alcohol and drugs, leading to addiction or other detrimental effects.

Abstract Problem-Solving

The ability to solve problems that do not have a physical, concrete presence, often requiring conceptual and cognitive strategies.

Wisdom

The ability to apply knowledge, experience, understanding, and insight to make sound judgments and decisions.

Arthritis

A common condition causing inflammation and pain in one or more joints, characterized by swelling, stiffness, and often chronic pain.