Which of the Following Statements Demonstrates That People Tend to Act

question 76

Multiple Choice

Which of the following statements demonstrates that people tend to act in their self-interest?

• A) The more information buyers and sellers have, the more efficient the competition.
• B) A wide variety of sellers encourages market-responsive products.
• C) A wide variety of buyers helps sellers find customers.
• D) People always want more-for less.
• E) Externalities are social costs.

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Definitions:

Capacity Allocation

The process of assigning available resources or capacity to various tasks, projects, or departments in an efficient manner.

Facility Location

The process of determining the best geographical location for a company's operations, manufacturing, or storage.

Plant Constraints

Limitations affecting production facilities, such as capacity, regulatory restrictions, or resource availability, which can impact output.

Network Configuration

The arrangement and inter-connections of nodes and pathways in a network, affecting the efficiency and effectiveness of data, communication, or transportation networks.