Which of the Following Is True

question 148

Multiple Choice

Which of the following is true?

• A) The production possibilities curve indicates that it will be impossible to expand total output with the passage of time.
• B) As long as resources are scarce, output cannot be increased.
• C) The size of the economic pie is fixed, and therefore, if one individual has more income, others must have less.
• D) Over time, the output of goods and services can be increased through human ingenuity and discovery of better ways of doing things.

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Definitions:

Investment Policy Statement

A document that outlines an investment strategy, objectives, and guidelines for a person or organization's portfolio.

Governance

The framework of rules, practices, and processes through which a company is directed and controlled, focusing on balancing the interests of its stakeholders.

Risk Management

The process of identifying, assessing, and controlling threats to an organization's capital and earnings.

Passive Investment

An investment strategy involving minimal buying and selling actions, typically focused on long-term investment in index funds and ETFs.