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.

---

Definitions:

Tangible Assets

Physical and material assets owned by a business, such as machinery, buildings, and land, that have a quantifiable market value.

Human Capital

The skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization.

Goodwill

An intangible asset that represents the value of a company's brand name, customer base, customer relations, employee relations, and any patents or proprietary technology.

SWOT Analysis

A strategic planning tool used to identify and understand the Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning.