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.

Calculate conversion costs and understand their components.

Grasp the flow of manufacturing costs in the accounting system.

Identify and classify different types of inventories in manufacturing firms.

Differentiate between upstream, downstream, and traditional costs.

---

Definitions:

Extrovert

describes a person who is outgoing, socially confident, and gains energy from being around other people.

Reticular Activating System

A network of nerves in the brainstem that mediates overall alertness and regulates the transition between sleep and wakefulness.

Extraversion/Introversion

Personality traits that describe the social preferences of individuals, with extraversion indicating a preference for external stimulation and social interaction, and introversion indicating a preference for solitude and internal experiences.

Overaroused

A state of heightened physiological and psychological activity, often leading to stress, anxiety, or heightened sensory sensitivity.