Which of the Following Statements Is False

question 2

Multiple Choice

Which of the following statements is false?

• A)Competing for artificial rents is socially unproductive; competing for real rents is not.
• B)If the production of good X generates real rents, then in the process of competing for these real rents, it would not be unusual for the supply of good X to rise.
• C)Individuals and firms will compete for real rents, but not for artificial rents.
• D)An artificial rent is an economic rent that would not exist without government.

---

Definitions:

Pounds

A unit of weight commonly used in the United States and the United Kingdom, equivalent to 0.453592 kilograms.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how spread out the values are around the mean.

Poker Winnings

The amount of money or profit gained from playing poker, often representing the difference between bets placed and payouts received.

Winning

The act of being successful or victorious in a contest or competition.