Which of the Following Statements Is Correct

question 271

Multiple Choice

Which of the following statements is correct?

• A) If capital is idle, the economy is producing at its full potential.
• B) The production possibilities frontier shows that there are no limits to production.
• C) A tradeoff is a limit that forces an exchange or a substitution of one thing for something else.
• D) Any point on or within the PPF is production efficient.
• E) None of the above answers are correct.

---

Definitions:

Forest Fires

Uncontrolled fires that occur in wooded areas, potentially causing widespread damage to ecosystems, properties, and human life.

Distribution

The way in which something is shared out or spread across a range, often referring to the probability distribution of a variable.

Histogram

A graphical representation of the distribution of numerical data, typically showing the frequency of data within specified intervals.

Statistica Neerlandica

A peer-reviewed scientific journal covering research in all areas of statistics.