Elephants Are Considered Sacred by Many Asians and Have Been

question 7

Multiple Choice

Elephants are considered sacred by many Asians and have been used in numerous of religious ceremonies. Because elephants are related to religious rituals, the species has been protected. This is an example of a(n) :

• A) philosophy of life
• B) system of beliefs
• C) organization of believers
• D) civil religion

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Definitions:

Frontier

In economic terms, the frontier represents the maximum production capacity or efficiency that can be achieved with the current technology and resources.

Economic Inefficiency

A situation where resources are not allocated optimally, leading to waste or an outcome where potential gains are not fully realized.

Production Possibilities Curve

A graphical representation that shows the maximum possible output combinations of two goods or services an economy can achieve when all resources are fully employed.

Market Prices

The amounts at which goods and services can be bought or sold in open markets.