Which of the Following Statements Is Correct

question 56

Multiple Choice

Which of the following statements is correct?
i. As the economy grows, the opportunity costs of economic growth decrease.
ii. Economic growth has no opportunity cost.
iii. The opportunity cost of economic growth is current consumption forgone.

• A)ii only
• B)i and iii
• C)iii only
• D)i and ii
• E)i only

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Definitions:

Personality Stable

The concept that an individual's personality traits remain consistent over time.

Individual's Personality

The unique combination of emotional, attitudinal, and behavioral response patterns of an individual.

Openness to Experience

A personality trait that features a person's willingness to try new things, engage in abstract thinking, and appreciate art, emotion, adventure, and unusual ideas.

Big Five

Refers to the five broad personality traits considered to describe human personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.