Which of the Following Statements Is False

question 139

Multiple Choice

Which of the following statements is false?

• A)There is an opportunity cost associated with any choice made.
• B)If there is a budget constraint,there will be scarcity.
• C)A financial budget constraint must exist for an opportunity cost to exist.
• D)Opportunity costs occur because of scarce resources.
• E)Because of scarcity,choices have to be made.

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Definitions:

Ethnocentrism

A belief or attitude that one's own culture or ethnicity is superior to others, often leading to judging other cultures by one's own cultural standards.

Racial Prejudice

Unjustifiable negative attitudes or beliefs towards individuals or groups based on their race.

Scapegoating

The practice of unfairly blaming an individual or group for problems or wrongdoings, often to divert attention from the real issues.

Economic Prejudice

Prejudice and discrimination toward people who are poorer or wealthier than you are.