Which Statement Is False

question 183

Multiple Choice

Which statement is false?

• A)Rent is an excellent means of efficiently allocating the use of scarce land.
• B)Economists dislike the way the price mechanism works because it leads to extremely high rents and interest rates.
• C)The interest rate is especially important to long-term investment projects.
• D)The projected long-term corporate profits are important when considering investment projects.

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Definitions:

Accounting Report

A documented record of financial activities and the financial status of a business or entity, used for analysis and decision-making.

Equivalent Units

A concept used in cost accounting to convert the amount of work in process into a number of completed units of output.

Department's Output

The total amount of goods or services produced by a specific department within a given period.

Direct Materials

Components and primary raw inputs used in the creation of a product, identifiable as integral parts of the finished product.