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.