Which of the Following Statements Is Not​ True

question 274

Multiple Choice

Which of the following statements is not​ true?

• A)​When consumers purchase more of one good, they are giving up the ability to buy as much of other goods.
• B)​When consumers choose to take more leisure time, they are giving up the ability to consume as much as before.
• C)​Consumers face consumption tradeoffs because they have limited income.
• D)​Consumers face consumption tradeoffs because they have limited preferences for goods.

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Definitions:

Actual Notice

Directly being informed about something or being aware of a fact or situation.

Constructive Notice

A legal concept that assumes a person is aware of facts, notices, or documents even if they are not physically present, often used in property law to signify recorded documents.

Agency Coupled With Interest

An agency coupled with an interest is a situation in which an agent has been given rights or property interest in the subject matter of the agency, making the agency irrevocable for a specified period.

Agency Relationship

A legal relationship where one party (the agent) acts on behalf of another party (the principal), with the authority to create legal obligations.