Which Statement Is NOT True

question 17

Multiple Choice

Which statement is NOT true?

• A)Resource scarcity is a major economic concern in the rich countries of the world.
• B)Most opportunity costs are zero.
• C)An economic situation is in equilibrium when no individual would be better off taking a different action.
• D)Very talented individuals,who can do most things better than most people,may still benefit greatly from specializing in doing one thing.

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Definitions:

Misleading Advertisements

Refers to promotional messages that deceive or lie to consumers, often resulting in unfair competition and consumer distrust.

Internet

A global network connecting millions of computers, enabling the exchange of data, news, and opinions.

Ubiquity

The state of being everywhere at once or seeming to be present simultaneously in many places, often used to describe the pervasive nature of technology.

Computer Networks

A group of interconnected computers that can communicate and share resources and data.