Which of the Following Statements Is False

question 26

Multiple Choice

Which of the following statements is false?

• A) If there are only two goods,guns and butter,it is possible to produce more of both goods through economic growth.
• B) If there are only two goods,guns and butter,it is possible to produce more of both goods if the economy is currently operating at a productive inefficient point.
• C) If there are only two goods,guns and butter,it is possible to produce more of both goods if the economy is currently operating at a productive efficient point.
• D) If there are only two goods,guns and butter,producing more of one means producing less of the other if the economy is currently operating at a productive efficient point.

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Definitions:

Gross Earnings

The total income earned by an individual or company before any deductions or taxes are taken out.

Provincial Utility

A utility company or service, like electricity or water, that is operated at the provincial or state level rather than locally or nationally.

Biweekly

Occurring every two weeks.

Overtime

Additional time worked beyond the standard working hours, often compensated at a higher rate.