Which Statement Is True

question 118

Multiple Choice

Which statement is true?

• A)Entrepreneurial ability is in short supply in the U.S.
• B)Land,labor and capital may be considered passive resources.
• C)The concept of opportunity cost is irrelevant when there is scarcity.
• D)None of these statements are true.

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Definitions:

Theories

Systematic ideas or principles formulated to explain phenomena, guide research and practice in various fields.

Scope and Breadth

The range or extent of coverage, influence, or action of a particular subject or activity.

Theoretical Base

Constitutes the fundamental ideas and principles behind a specific field or discipline that guide research, practice, and understanding.

Interdependence

A mutual reliance or influence between two or more entities, often highlighting how they depend on one another for resources, support, or functioning.