Which of the Following Statements Is True

question 88

Multiple Choice

Which of the following statements is true?

• A) All rational economic agents attempt to maximize their income.
• B) A rational consumer makes his decisions depending on what the majority chooses.
• C) A budget constraint is an economic tool that quantifies the trade-off between the consumption of two goods.
• D) A trade-off refers to the exchange of goods between economic agents through the barter system or mutual exchange.

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Definitions:

Newsworthy

Describing events, developments, or stories that are considered significant enough to be reported in the news media.

Crime Committed

An act that violates a law and is subject to legal prosecution and punishment.

Ethnic Groups

Communities or populations sharing a common cultural heritage, ancestry, language, or beliefs.

Ethical Value

Ethical value represents the principles or standards of behavior considered important or beneficial in a moral context, guiding actions and judgments about right and wrong.