Which of the Following Statements About Production Possibilities Is True

question 116

Multiple Choice

Which of the following statements about production possibilities is true?

• A) Production possibilities are limited for all countries because resources are scarce.
• B) The production of food does not involve opportunity costs since people must eat.
• C) Production possibilities will expand if the level of inefficiency is reduced.
• D) Production possibilities are only limited for a country if prices are too high.

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Definitions:

Springfield

A city name in the United States, notable for historical events depending on the specific state.

Antiblack Mob Violence

Acts of collective violence primarily targeted at black individuals or communities, often characterized by lynching, beatings, and destruction of property.

Militiamen

Civilians who have been called to military service in times of emergency, historically part of a community's self-defense or a national military strategy.

Theodore Roosevelt

The 26th president of the United States (1901–1909), known for his exuberant personality, range of interests and achievements, and leadership of the Progressive Movement.