Which of the Following Is Not True

question 148

Multiple Choice

Which of the following is not true?

• A) In a competitive market, in the long run, price will equal marginal cost.
• B) For resource allocation to be efficient, property rights must be exclusive and nontransferable.
• C) A common property resource is unlikely to be allocated efficiently in the marketplace.
• D) All of the above are true.

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Definitions:

German Emperor

The title used for the monarch and head of state of Germany, particularly associated with the rulers of the German Empire from 1871 to 1918.

William II

William II, also known as Wilhelm II, was the last German Emperor (Kaiser) and King of Prussia, ruling from 1888 until his abdication in 1918.

Militarist

An advocate for the maintenance of strong military capabilities and the readiness to use force to protect or promote national interests.

Anti-Semitism

Prejudice, discrimination, or hostility directed against Jewish people.