Which of the Following Statements Is False

question 112

Multiple Choice

Which of the following statements is false?

• A) Marginal analysis is an examination of the effects of additions or subtractions from a current situation.
• B) The production possibilities curve shows the unattainable combination of two outputs that an economy can produce, given its available resources and technology.
• C) Technology is the body of knowledge and skills applied to how goods are produced.
• D) Economic growth is illustrated as an outward shift of the production possibilities curve.

---

Definitions:

Fair Values

The selling price of an asset or the payment required to settle a liability in a regulated transaction with market participants, at the time of appraisal.

Net Assets

The total assets of an entity minus its total liabilities, representing the owners' equity.

Fair Market Value

The estimated price at which an asset or service would change hands between a willing buyer and seller, neither being under any compulsion to buy or sell and both having reasonable knowledge of relevant facts.

Carrying Value

The original cost of an asset or liability adjusted for depreciation, amortization, or impairment, reflecting its current book value.