Which of the Following Statements Is (Are) True

question 243

Multiple Choice

Which of the following statements is (are) true?

• A) Consumers are constrained by a budget.
• B) If a consumer decides to spend more on one good, he or she must decide to spend less on another good to satisfy the budget constraint.
• C) The marginal decision rule states that an activity should be expanded if its marginal benefit exceeds its marginal cost.
• D) All of the above statements are true.

---

Definitions:

Negotiate

Negotiate involves discussing and arriving at a mutual agreement or compromise between parties with differing opinions or needs.

Mirror Neurons

Specialized neurons that fire both when an individual performs an action and when the individual observes the same action being performed by another, playing a role in learning and empathy.

Affective Attunement

The process of sensitively responding to another's emotional state, facilitating a sense of connection and understanding.

Cognitive Resonance

A psychological state in which an individual's beliefs, ideas, or cognitive elements are in harmony, leading to a sense of internal consistency.