Innocent Misrepresentation Differs from Fraud Only in That the Falsehood

question 10

True/False

Innocent misrepresentation differs from fraud only in that the falsehood was intentional in the former.

---

Definitions:

Equity

Fairness or justice in the way people are treated within the economy, often in terms of the distribution of wealth.

Efficient Share

The optimal allocation or distribution of resources and goods in a way that maximizes productivity and utility without waste.

Efficiently Used

Utilized in a manner that maximizes productivity or effectiveness while minimizing waste or unnecessary expenditure of resources.

Scarcity

The fundamental economic problem of having seemingly unlimited human wants in a world of limited resources.