Which of the Following Statements Is Correct

question 162

Multiple Choice

Which of the following statements is correct?

• A)If the buyer of a good gains, the seller must lose an equal amount.
• B)The value of goods is objective; it is equal to the cost of supplying the good.
• C)Opportunity costs will always be incurred when scarce resources are used to produce a good.
• D)Changes in incentives generally have no effect on human behavior.

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Definitions:

Easily Startled

A heightened state of reactivity to unexpected stimuli, often indicating increased anxiety or neurobiological sensitivity.

Posttraumatic Growth

Beneficial transformation resulting from encountering and battling through a significant life challenge or traumatic incident.

Traumatizing

Causing severe emotional distress or psychological damage.

Stronger Person

Refers to an individual possessing greater physical strength, emotional resilience, or moral integrity compared to others.