Which of the Following Statements Is False

question 1

Multiple Choice

Which of the following statements is false?

• A)Explicit costs of using market-supplied resources entail an opportunity cost equal to the dollar cost of obtaining the resources in the market.
• B)When economic profit is zero,the firm's owners could NOT have done better putting their resources in some other industry of comparable risk.
• C)If economic profit is positive,accounting profit must also be positive.
• D)If economic profit is negative,accounting profit must also be negative.
• E)None of the above statements is false.

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Definitions:

Latino/a Values

The beliefs, ethics, and customs traditionally observed and transmitted within Latino communities, often emphasizing family, respect, and community.

Acculturation

The process through which individuals or groups from one culture adopt practices, values, and norms of another culture, often while still retaining aspects of their original culture.

Gender Role Expectations

The social norms and cultural beliefs about the behaviors and attitudes considered appropriate for males and females.

Religiosity

The intensity or expression of religious feelings, practices, or beliefs in an individual's life.