Which of the Following Statements Is Not Correct

question 231

Multiple Choice

Which of the following statements is not correct?

• A) Economics is a behavioral science.
• B) In large measure, economics is the study of how people make choices.
• C) If poverty were eliminated, there would be no reason to study economics.
• D) Economic analysis can be used to explain how both individuals and societies make decisions.

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Definitions:

Completion of Sale

This term signifies the point at which a transaction is finalized, and all conditions for the sale have been satisfied, transferring ownership from seller to buyer.