Which of the Following Statements Is True

question 37

Multiple Choice

Which of the following statements is true?

• A) An opportunity cost is what must be given up in order to get something else.
• B) The three fundamental economic questions refer to What to produce? How to produce? and When to produce?
• C) The term "investment" refers to the purchase of stocks and bonds and other financial securities.
• D) The law of increasing opportunity cost implies that as production of one type of good is expanded then fewer and fewer of other goods must be given up.

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Definitions:

Permissive-Indulgent

A parenting style characterized by high responsiveness but low demandingness, often leading to children who lack self-discipline and self-control.

Mature Behavior

Actions and responses that exhibit emotional regulation, responsibility, and informed decision-making, typically associated with adults.

Preoperational Children

Refers to a stage in Piaget's theory of cognitive development where children aged 2-7 years think symbolically but are not yet able to perform operations (logical use of symbols).

Vantage Point

A place or position from which something is observed or considered, often figuratively describing one's unique perspective or standpoint on an issue.