Which of the Following Statements Is True

question 209

Multiple Choice

Which of the following statements is true?

• A)Any time you have to decide which action to take you are experiencing economic equity.
• B)Trade-offs do not apply when the consumers purchase a product for which there is excess supply, such as with a stock clearance sale.
• C)Every individual, no matter how rich or poor, is faced with situations that require trade-offs.
• D)Economics is a social science that studies the trade-offs we are forced to make because resources are unlimited.

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Definitions:

Botanicals

Plant-derived substances used in health foods, supplements, and cosmetics for their potential benefits or therapeutic properties.

Rotenone

A chemical compound derived from certain plants used as an insecticide and piscicide due to its toxicity to mitochondria.

Pyrethrum

A natural insecticide made from the dried flower heads of certain chrysanthemum species, used to control pests.

Herbicide

Chemical substances used to destroy or inhibit the growth of unwanted plants, weeds, or vegetation.