Which of the Following Is True

question 78

Multiple Choice

Which of the following is true?

• A)​Even intangible goods can be subjected to economic analysis.
• B)​Wealthy individuals who decide to donate money to charity face the constraints of scarcity.
• C)​Increases in production would not enable us to eliminate scarcity.
• D)​All of the above

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Definitions:

Achievement

The accomplishment of a goal or the attainment of success in a particular area, often recognized through tangible rewards or social acknowledgment.

Income

Income is the financial gain or money received by an individual or household from work, investments, or other sources, often measured over a specific period of time.

Wealth

An abundance of valuable resources or material possessions, or the control over such assets.

Social Inequality

The existence of unequal opportunities and rewards for different social positions or statuses within a group or society, often based on race, gender, wealth, or other factors.