Which of the Following Statements Is CORRECT

question 31

Multiple Choice

Which of the following statements is CORRECT?

• A)Resource scarcity is not a major concern in the rich countries of the world.
• B)Some 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.

Interpret stereotypes and their effects on social interactions and judgments

Analyze the effects of social facilitation, social loafing, and group polarization on group performance

Evaluate the role of prejudice and discrimination in societal interactions and systems

Understand the distinction between prejudice, discrimination, and stereotypes

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Definitions:

Maturity

Maturity indicates the date on which the principal amount of a financial instrument is due to be paid back.

Buyback Price

Buyback price is the price at which a company agrees to repurchase its own shares from shareholders, often as part of a share repurchase program.

Quality Ratings

Assessments of the creditworthiness or quality of corporations and government bonds, often provided by credit rating agencies.

Required Rates

The minimum returns demanded by investors or lenders to compensate for the risk of an investment or loan.