Which Statement Is False

question 165

Multiple Choice

Which statement is false?

• A)Monopolies tend to be inefficient.
• B)Economic power is easily translated into political power.
• C)Two ways of preventing public utilities from taking advantage of their power are government regulation and government ownership.
• D)None of these statements are false.

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Definitions:

Technological Change

Adjustments or improvements in the method of production, invention, and innovation in processes that often lead to increased productivity.

Microwave Ovens

Appliances that use microwave radiation to cook or heat food, offering a quick and convenient method of food preparation.

General Equilibrium

A condition in an economy where supply and demand are in balance across all markets simultaneously.

Consumer Preferences

The subjective tastes and desires that dictate the choices made by consumers regarding goods and services they wish to purchase.