Which Statement Is FALSE

question 68

Multiple Choice

Which statement is FALSE?

• A)Efficiency exists when an economy realizes the maximum possible gains from trade given the available resources.
• B)If an economy is efficient,it is possible to make only a few people better off without reducing other individuals' economic welfare.
• C)Economic efficiency exists when all opportunities to make people better off have been fully exploited.
• D)Free markets usually lead to efficiency,but not necessarily equity.

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Definitions:

Self-Fulfilling Prophecy

An anticipation that, either directly or indirectly, ensures its own occurrence by fostering a loop between conduct and conviction.

Discrimination

Unjust or prejudicial treatment of different categories of people, often based on race, age, sex, or disability.

Jigsaw Classroom

An educational approach designed to minimize competition and promote cooperation among students by dividing assignments into interdependent parts.

Eliot Aronson

Eliot Aronson is a renowned American psychologist known for his work on the theory of cognitive dissonance and social psychology.