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:

Date And Time

Functions or features in computing and applications that track and manage chronological information.

Group & Sort

A function in databases and software applications that arranges data into meaningful groups and orders it within those groups.

Subtotal

Subtotal refers to an intermediate total that summarizes the value of a specific subgroup of items within a larger list or set, often used in accounting and data analysis.

Calculated Control

In software, especially databases, it refers to a control element that displays a value based on calculations performed on data rather than storing the value itself.