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.

• A) i only
• B) ii only
• C) iii only
• D) i and iii
• E) i and ii

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Definitions:

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often leading to prejudice and discrimination.

Hierarchical Approach

A structured organizational method where decisions and processes flow from top-level management down through various levels of authority.

Problem-Solving Argument

A method of resolving disagreements or issues through logical reasoning and evidence-based analysis to reach a mutually acceptable solution.

Ethnocentric Practices

Ethnocentric practices involve evaluating other cultures according to the standards of one's own culture, often leading to prejudice and discrimination.