Which of the Following Statements Is True

question 102

Multiple Choice

Which of the following statements is true?

• A) All economic agents are necessarily individuals.
• B) A worker who shirks work is not an economic agent.
• C) A government is an example of an economic agent.
• D) A street gang is not an economic agent.

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Definitions:

Government Bureaucracies

Complex structures of offices, tasks, rules, and principles of organization that large institutions use to coordinate the work of their personnel, typically in the context of governmental agencies.

Private Production

The creation of goods or services by businesses that are owned by individuals or groups not affiliated with the government.

Redistribution of Income

Government policies or mechanisms aimed at adjusting the distribution of wealth among a population.

Well-organized Interest Groups

Organizations that coordinate the efforts of members to advocate or lobby for shared interests and goals in the policy-making process.