Which of the Following Statements About the Economic Decisions Consumers

question 229

Multiple Choice

Which of the following statements about the economic decisions consumers, firms, and the government have to make is false?

• A)Governments face the problem of scarcity in making economic decisions.
• B)Only individuals face scarcity; firms and the government do not.
• C)Both firms and individuals face scarcity.
• D)Each faces the problem of scarcity which necessitates trade-offs in making economic decisions.

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Definitions:

Cerebellum

A part of the brain located at the back of the skull, primarily responsible for coordinating voluntary movements and maintaining balance and posture.

Medulla

The part of the brainstem that controls heartbeat, blood pressure, breathing, coughing, and swallowing.

Cerebellum

A part of the brain located at the back of the skull, primarily involved in coordinating movement and balance.

Homeostasis

The ability of an organism or a system to maintain stable internal conditions despite changes in external environments.