Which of the Following Is True

question 253

Multiple Choice

Which of the following is true?

• A) Trade does not produce anything new; therefore, it cannot create value.
• B) The value of a good is determined by the cost of the material resources required for its production.
• C) The value of a good generally depends on who uses it and circumstances such as when and where it is used.
• D) All of the above are true.

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Definitions:

Hearing Capability

The ability or capacity to perceive sounds by detecting vibrations through an organ such as the ear.

Newborns

Infants who are in the initial period after birth, typically considered the first few weeks of life, characterized by rapid growth and development.

Sensorimotor Stage

The first stage in Piaget's theory of cognitive development, spanning from birth to about 2 years, where infants learn through interacting with the environment using their senses and motor actions.

Ethnic Diversity

The inclusion or representation of individuals from a variety of cultural, national, racial, and religious backgrounds within a community or organization.