Which of the Following Statements Is False

question 112

Multiple Choice

Which of the following statements is false?

• A) Marginal analysis is an examination of the effects of additions or subtractions from a current situation.
• B) The production possibilities curve shows the unattainable combination of two outputs that an economy can produce, given its available resources and technology.
• C) Technology is the body of knowledge and skills applied to how goods are produced.
• D) Economic growth is illustrated as an outward shift of the production possibilities curve.

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Definitions:

Operating Policy

A set of guidelines or principles that dictate the operational decisions and day-to-day functioning of an organization.

Directors

Individuals elected by shareholders to oversee the management of a company, making strategic and operational decisions to ensure the company's success.

Related Party Transaction

A deal or arrangement between two parties who are joined by a special relationship prior to the deal.

Significant Influence

The power to participate in the financial and operating policy decisions of an investee but not to control those policies.