Which Statement Is FALSE

question 68

Multiple Choice

Which statement is FALSE?

• A)Efficiency exists when an economy realizes the maximum possible gains from trade given the available resources.
• B)If an economy is efficient,it is possible to make only a few people better off without reducing other individuals' economic welfare.
• C)Economic efficiency exists when all opportunities to make people better off have been fully exploited.
• D)Free markets usually lead to efficiency,but not necessarily equity.

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Definitions:

Receptor Cells

Specialized cells that convert external stimuli, such as light, sound, or chemicals, into electrical signals for the nervous system to process.

Smell

The sense that detects odors or scents, mediated by specialized sensory cells in the nasal cavity.

Taste Qualities

The five recognized sensations experienced when tasting: sweet, sour, bitter, salty, and umami.

Oscilloscope

An electronic instrument used to visualize and measure varying signal voltages, typically represented as waveforms on a screen.