Which of the Following Statements Does Not Reflect the Concept

question 251

Multiple Choice

Which of the following statements does not reflect the concept of factor suitability?

• A)It is one of the three concepts that explain the Law of Increasing Cost.
• B)If the economy is shifting from butter to gun production,the butter makers will give the gun makers their worst workers.
• C)Too many farmers work one field,eventually it will lead to less production.
• D)All farmland is not equally well-suited for producing corn.

---

Definitions:

Past Consideration

A concept in contract law that refers to a benefit or act that has already been given or performed before the promise is made, which is not valid consideration for a current contract.

Bilateral Contract

An agreement involving two parties where each promises to perform an act in exchange for the other's act.

Return Promise

An agreement in a contract where one party promises to perform an action in response to the performance of a second party.

Objective Standard

An objective standard refers to a legal criterion that is based on factual measurements or external circumstances, rather than personal opinions or feelings.