Which of the Following Is True

question 22

Multiple Choice

Which of the following is true?

• A) Human choice is generally not influenced by changes in incentives.
• B) What is true for the individual must be true for the group as a whole.
• C) Using scarce resources to meet one need reduces our ability to meet needs in other areas.
• D) The economic way of thinking stresses that good intentions usually lead to sound economic policy.

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Definitions:

Debt

An amount of money borrowed by one party from another, typically involving repayment of the initial sum plus interest.

Wardrobes

Collections of clothing and accessories that an individual owns, which can reflect personal style, social status, and cultural backgrounds.

Poverty

A socioeconomic condition characterized by a severe lack of financial resources or means of subsistence, leading to inability to meet basic needs like food, shelter, and clothing.

Policy Initiative

A strategic action plan developed to tackle specific public issues, often proposed or implemented by governments or organizations.