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.

---

Definitions:

Home-based Business

A business operated from the owner's home, leveraging the internet and digital tools for managing business activities and reaching customers.

Data Collision

When two computers send data at the same time and the sets of data collide somewhere in the transmission media.

Transmission Media

Refers to the physical pathways that connect computers, other devices, and people on a network, allowing data to be transmitted from one place to another.

External Network

A network that is outside of an organization's internal or proprietary networks, usually referring to the public internet.