Which Statement Is FALSE

question 284

Multiple Choice

Which statement is FALSE?

• A) A frost that destroys half the orange crop will create a surplus of oranges.
• B) It is possible to have a shortage of a good even if its supplies are abundant.
• C) Politicians often blame speculators and profiteers for rising prices rather than changes in supply and demand.
• D) To eliminate a shortage, prices must rise.

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Definitions:

Rational Behaviors

Actions or thoughts that are consistent with logic or reasoned thinking.

Irrational Behaviors

Actions that lack reason or logical thinking, often driven by emotions rather than rational decision making.

Cognitive Theories

Theories in psychology that emphasize mental processes like perception, memory, and problem-solving as the key to understanding behavior.

Measurable Behaviors

Observable and quantifiable actions or responses that can be empirically assessed or evaluated.