According to Buddhist Teachings, Which of the Following Statements Is

question 29

Multiple Choice

According to Buddhist teachings, which of the following statements is true of karma?

• A)It is the law of the cause and effect of actions.
• B)It is the endless cycle of wandering.
• C)It is the pure land.
• D)It is the extinction of desire.

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Definitions:

Industry Price

The general cost at which goods or services are sold within a particular industry, influenced by supply, demand, and competition.

Marginal Cost

The added expense required to produce one more unit of a product or service.

Fixed Cost

An expense that remains constant regardless of the volume of products or services manufactured or distributed.

Monopoly Profits

The excess profits earned by a monopoly as a result of its ability to set price above marginal costs due to lack of competition.