Which of the Following Statements Is FALSE

question 87

Multiple Choice

Which of the following statements is FALSE?

• A)Until the 1970s the American economy was essentially a closed system.
• B)Until the 1970s Say's Law best described our economic system.
• C)The American economy is more dependent on foreign manufacturing today than it was in the 1970s,and is therefore more of a closed economy.
• D)The American economy today is an open economy where supply no longer creates its own demanD.

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Definitions:

Heredity

The transfer of genetic characteristics from parents to offspring, determining inherited traits.

Thomas And Chess

Psychologists who developed the Temperament Theory, categorizing children's temperaments into three basic types: easy, difficult, and slow-to-warm-up.

Social Experiences

Interactions with other individuals or groups that contribute to one's understanding of society and social behaviors.

Slow-To-Warm-Up Temperament

A temperament style characterized by caution and hesitancy in new situations or environments, but gradually becoming more comfortable with experience.