Which of the Following Statements Is NOT True? Households and Economies

question 188

Multiple Choice

Which of the following statements is NOT true? Households and economies both

• A)must allocate scarce resources.
• B)face many decisions.
• C)must allocate the goods and services they produce.
• D)must have a central decision maker.

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Definitions:

Federal Housing Standards

Regulations and guidelines established by federal authorities to ensure safe, healthy, and affordable living conditions within residential housing.

Extended Families

A family structure that includes not just parents and children but also other relatives such as grandparents, aunts, uncles, and cousins.

Nuclear Families

A family unit consisting of two parents and their children living together as a single household.

Single Parent

A parent who is not living with a spouse or partner and bears most of the day-to-day responsibilities of raising a child or children.