Which Statement Is NOT One of the Four Principles of Individual

question 21

Multiple Choice

Which statement is NOT one of the four principles of individual choice?

• A)Choices are necessary because resources are scarce.
• B)Unpaid volunteer work is irrational since economic rationality dictates that individuals should only engage in work they are paid for.
• C)The true cost of something is its opportunity cost.
• D)"How Much" is a decision at the margin.

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Definitions:

Complying

The act of following, obeying, or conforming to a set rule, standard, or demand.

Court Order

A directive issued by a court or a judge requiring a person or entity to do or refrain from doing something.

Accountant-Client Privilege

A legal principle that protects the confidentiality of conversations and documents exchanged between a client and their accountant.

Federal Court

The system of courts at the national level in a country, which deals with legal matters that are under the authority of the federal government.