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Which of the Following Statements Is Correct

question 56

Multiple Choice

Which of the following statements is correct?
i.As the economy grows,the opportunity costs of economic growth decrease.
ii.Economic growth has no opportunity cost.
iii.The opportunity cost of economic growth is current consumption forgone.


Definitions:

Learn

The process of acquiring knowledge, understanding, or skills through study, experience, or teaching.

Modelling

The process of creating representations of real-world processes, systems, or behaviors, often through mathematics, physical replicas, or computer simulations, to study and predict outcomes.

Learning Principle

A fundamental rule or idea in the field of education and psychology that guides how individuals acquire knowledge, skills, or behaviors.

Motivation

The process that initiates, guides, and maintains goal-oriented behaviors, driven by needs, desires, and aspirations.

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