Which of the Following Is Not Correct

question 515

Multiple Choice

Which of the following is not correct?

• A)Markets allocate scarce resources with the forces of supply and demand.
• B)The equilibrium of supply and demand is typically an efficient allocation of resources.
• C)Governments can sometimes improve market outcomes.
• D)Externalities cannot be positive.

Understand the concept of a budget constraint and how it limits consumer choices.

Calculate monthly income using price and quantity information provided.

Identify choice sets and points of consumption on or within a budget constraint.

Determine the equation for a budget constraint given prices and budget.

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Definitions:

Individual Capability

The skills, knowledge, and abilities possessed by an individual that enable them to perform tasks and achieve goals.

Susceptible

Likely to be influenced or harmed by a particular condition or phenomenon.

Operational Risk

The risk of loss resulting from inadequate or failed internal processes, people, and systems, or from external events.

Remote Employees

Workers who are employed by a company but perform their job duties from a location outside of the traditional office environment, often from home or another remote setting.