Identify the Truthfulness of the Following Statements

question 63

Multiple Choice

Identify the truthfulness of the following statements. III.In perfectly competitive markets there are no externalities.That is,actions of decision-makers on each others' well being do not extend beyond those effects transmitted by prices.
IV.Partial equilibrium analysis determines equilibrium in a single market,taking the prices and outputs of other markets as fixed.

• A) Both I and II are true.
• B) Both I and II are false.
• C) I is true; II is false.
• D) I is false; II is true.

---

Definitions:

Observational Methods

Research techniques that involve the systematic watching, listening, and recording of behaviors and events as they occur naturally, without intervention or manipulation by the researcher.

Virtual Reality

A simulated experience created using computer technology, which can replicate or create an environment, immersing the user in a digital world.

Sociometry

A methodological approach and tool for measuring social relationships and structures within a group, often used to assess social integration and cohesion.

Social Network Analysis

A methodological approach used to analyze social structures through the use of networks and graph theory by identifying relationships and flows between people, groups, organizations, computers, URLs, and other connected information/knowledge entities.