Which of the Following Statements Is False

question 188

Multiple Choice

Which of the following statements is false?

• A)In a competitive market, the price mechanism encourages conservation of a depletable resource.
• B)As the price of a depletable resource rises, its known reserves often increase.
• C)Prices of depletable resources have risen in the twentieth century primarily because resource producers have exercised monopoly or oligopoly power.
• D)Shortages of depletable resources occur primarily when governments or others interfere with the price mechanism.

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Definitions:

Subject-Matter Jurisdiction

The authority of a court to hear cases of a particular type or cases relating to a specific subject area.

Texas Courts

The judicative system within the state of Texas, comprising various levels of courts including the Supreme Court, Court of Criminal Appeals, and lower appellate and trial courts.

Federal Arbitration Act

The Federal Arbitration Act establishes a legal framework for the arbitration process, favoring the enforcement of arbitration agreements.

State Law

Laws established by individual U.S. states, as opposed to federal laws, which govern within the state's borders.