Which of the Following Statements Is False

question 93

Multiple Choice

Which of the following statements is false?

• A) About 1.2 million people are killed worldwide annually in motor vehicle accidents.
• B) Motor vehicles are the largest source of air pollution.
• C) More Americans have been killed by automobiles than on battlefields in all U.S. wars.
• D) In the United States, more than 40,000 people die annually in motor vehicle accidents.
• E) Motor vehicles are second only to industry as a source of air pollution in the U.S.

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Definitions:

Market Demand

The total quantity of a good or service that consumers are willing and able to purchase at various prices during a specific time period.

Market Equilibrium

A condition in a market where supply equals demand, resulting in stable prices that neither increase nor decrease.

Competitive Industry

An economic environment where multiple businesses compete against one another, fostering innovation and efficiency to attract customers.

Market Demand

The aggregate amount of a product or service that every consumer in a market is prepared and capable of buying at different price levels.