Which of the Following Is True

question 167

Multiple Choice

Which of the following is true?

• A) Changes in personal costs and benefits will exert a predictable impact on the choices of human decision makers.
• B) Only direct monetary costs matter in making decisions.
• C) If a good is provided free to an individual, its production will not consume valuable scarce resources.
• D) Secondary effects are seldom of importance in economics.

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Definitions:

Identity Crisis

A psychological state in which an individual questions their sense of self or place in society, often occurring during major life transitions.

Multiple Identities

The concept that an individual has several self-aspects or social roles that they identify with.

Bicultural Identity

The condition of identifying and integrating two cultural orientations and practices into one's sense of self.

Ethnic Backgrounds

The cultural heritage and ancestry of individuals, which can influence their customs, traditions, language, and societal roles.