Which One of the Following Statements Is True

question 41

Multiple Choice

Which one of the following statements is true?

• A)Firms are markets in and of themselves.
• B)Firms do not organize factors of production to produce goods and services.
• C)Firms are buyers of consumer goods and services.
• D)Efficient firms can eliminate scarcity.
• E)Firms are often more efficient than markets as coordinators of economic activity.

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Definitions:

False Ribs

The ribs that are not directly attached to the sternum but are connected to the true ribs above them, typically ribs 8 through 10.

Human Skeleton

The internal framework of the body, composed of 206 bones in adults, which supports and protects the body's organs.

Lumbar Vertebrae

The five vertebrae situated between the thoracic vertebrae and the sacral vertebrae in the lower back.

Thoracic Vertebrae

The twelve vertebrae located in the mid-back section of the vertebral column, providing attachment for the ribs and making up part of the thoracic cage.