Which of the Following Statements Is False

question 78

Multiple Choice

Which of the following statements is false?

• A) Firms in the service sector typically change prices less frequently then manufacturing firms.
• B) Most retailers in Western Europe and the United States change prices more than five times a year.
• C) Wholesale prices are changed more often than retail prices.
• D) Firms are more likely to change prices due to shocks to its respective sector as opposed to shocks to the aggregate economy.

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Definitions:

Tautology

A redundant or circular statement in which the conclusion is identical to the premise.

Declarative Statement

A sentence that makes a statement or expresses an opinion, rather than giving a command or asking a question.

Simple Statement

A clear and straightforward declaration or expression, often consisting of only one clause.

Natural Language

Human languages, including both spoken and written forms, capable of expressing an infinite variety of ideas and emotions.