Which of the Following Statements Is True

question 37

Multiple Choice

Which of the following statements is true?

• A) An opportunity cost is what must be given up in order to get something else.
• B) The three fundamental economic questions refer to What to produce? How to produce? and When to produce?
• C) The term "investment" refers to the purchase of stocks and bonds and other financial securities.
• D) The law of increasing opportunity cost implies that as production of one type of good is expanded then fewer and fewer of other goods must be given up.

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Definitions:

Peripheral Nervous System

The part of the nervous system that consists of the nerves and ganglia outside of the brain and spinal cord, responsible for connecting the CNS to limbs and organs.

Nerve Cells

The basic building blocks of the nervous system, responsible for transmitting information throughout the body through electrical and chemical signals.

Brain

The organ located in the skull responsible for central nervous system functions, including processing, interpreting, and storing information; as well as controlling many body activities.

Autonomic System

Part of the nervous system that controls involuntary bodily functions such as heart rate, digestion, and respiration.