Which of the Following Statements Is FALSE

question 57

Multiple Choice

Which of the following statements 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)Markets usually lead to efficiency.

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Definitions:

Depressant

A class of drugs that reduce neural activity and slow down the functions of the brain and body.

Hallucinogen

A substance that causes alterations in perception, thought, and mood, leading to hallucinations or sensory distortions.

Dependence

A state in which an individual requires a particular substance or behavior to function normally and experiences physical or psychological withdrawal symptoms without it.

Tolerance

The capacity to accept or endure someone or something different from one's own beliefs, habits, or practices without interference.