Which One of the Following Statements Is Correct

question 105

Multiple Choice

Which one of the following statements is correct?

• A)Relative scarcity is no longer a central notion in economics because we are in an age of abundance.
• B)Most production possibilities curves are convex as viewed from the origin.
• C)The production possibilities curve shows society's preferences for consumer goods relative to capital goods.
• D)The central concept underlying the production possibilities curve is that of limited resources.

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Definitions:

Fear Of Infection

An apprehension or dread about being exposed to pathogens or contracting an illness.

Mourning Process

The series of emotional and psychological reactions that follow the loss of a loved one.

Bereaved

Experiencing the process of grief and mourning following the death of a loved one.

Resolution Of Grief

The process of working through the emotional responses to loss, leading to a state of acceptance.