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.

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Definitions:

Multiple Wives

A marital practice wherein an individual has more than one wife simultaneously, known as polygyny.

Social Ennui

A feeling of dissatisfaction, boredom, and listlessness stemming from a lack of excitement or meaningful engagement in society.

Commuter Marriage

A commuter marriage is a type of relationship where the partners are married but live apart, typically due to work obligations, maintaining separate residences in different cities or regions.

Social Speedup

The phenomenon where the pace of social life, including work, communication, and leisure activities, increases due to technological advancements and societal expectations.