Which Statement Is TRUE

question 186

Multiple Choice

Which statement is TRUE?

• A)The concept of equilibrium requires that all individuals have an equal amount of income.
• B)If a market is in equilibrium,the price in that market will not fluctuate by more than 5%.
• C)If a market is in equilibrium,there will be no remaining opportunities for individuals to make themselves better off.
• D)A market is in equilibrium when the number of buyers is equal to the number of sellers.

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Definitions:

Restated

Refers to financial statements that have been revised from their original figures to correct errors or account for retrospective changes in accounting policy.

U.S. Dollars

The currency of the United States, used as the standard unit of money for transactions within the country and internationally.

Translation Adjustment

An adjustment made in the process of converting the financial statements of a company into the currency of another country, reflecting changes in exchange rates.

Parent Company

A company that holds a controlling interest in another company, making the latter its subsidiary.