Which of the Following Statements Is Correct

question 427

Multiple Choice

Which of the following statements is correct?

• A)The theory of consumer choice provides a more complete understanding of supply, just as the theory of the competitive firm provides a more complete understanding of demand.
• B)The theory of consumer choice provides a more complete understanding of demand, just as the theory of the competitive firm provides a more complete understanding of supply.
• C)Monetary theory provides a more complete understanding of demand, just as the theory of the competitive firm provides a more complete understanding of supply.
• D)The theory of public choice provides a more complete understanding of supply, just as the theory of the competitive firm provides a more complete understanding of demand.

---

Definitions:

Heartwood

The dense, inner part of a tree trunk, yielding the hardest wood.

Sapwood

The younger, softer, outermost layers of wood between the heartwood and the bark, functioning in the transport of water and nutrients.

Softwood

Wood from gymnosperm trees, typically less dense than hardwood, used in construction, paper manufacturing, and furniture.

Photosynthesis

The process by which green plants and some other organisms use sunlight to synthesize nutrients from carbon dioxide and water, producing oxygen as a byproduct.