Which of the Following Statements Is False

question 2

Multiple Choice

Which of the following statements is false?

• A)Competing for artificial rents is socially unproductive; competing for real rents is not.
• B)If the production of good X generates real rents, then in the process of competing for these real rents, it would not be unusual for the supply of good X to rise.
• C)Individuals and firms will compete for real rents, but not for artificial rents.
• D)An artificial rent is an economic rent that would not exist without government.

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Definitions:

Social Construction

The theory that aspects of social reality are created and maintained through collective and individual interactions.

Racial Oppression

The systemic subjugation and discrimination of individuals based on their race, often institutionalized in societal structures.

Dominant Group

A social group that possesses the greatest power, influence, and privileges within a particular society or context.

Critical Theory

A philosophical approach that critiques and seeks to transform society, emphasizing power structures and inequalities.