Which of the Following Is Not True

question 13

Multiple Choice

Which of the following is not true?

• A)Principles are more useful than rules because principles can be interpreted as new circumstances require
• B)Rules are more useful than principles because rules can be interpreted as new circumstances require
• C)A blend of principles and rules is often optimal
• D)All of the above
• E)(a)and (c)only

---

Definitions:

Bandwagon Effect

The phenomenon where the demand for a good or service increases as more people buy it, often influenced by perceptions of popularity or social pressure.

Social Network

A platform or system that connects individuals, organizations, or entities, facilitating communication and interaction among them.

Aggregate Demand

Aggregate demand represents the total demand for all goods and services in an economy at a given overall price level and in a given time period.

Market Price

The current price at which a good or service can be bought or sold in a given market.