Which of the Following Statements Is True

question 142

Multiple Choice

Which of the following statements is true?

• A)When the forces of supply and demand determine for whom goods are produced in a society,an equitable distribution of income will naturally result.
• B)An external cost will occur when some of the benefits derived from production of some good or service are enjoyed by a third party.
• C)One of the roles of our government is to transfer some income from the rich and the middle class to the poor.
• D)According to most economists' definition of competition,the American economy is very competitive.

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Definitions:

Responses With Humor

The use of wit or humor in replying to questions or comments, often to lighten the mood or engage the audience.

Three Stages

A concept or framework divided into three distinct phases, often used to describe processes, development stages, or timelines in various fields such as business, project management, or psychological development.

Interview Process

The structured series of actions involved in assessing and selecting candidates for a job, including stages like screening, interviewing, and hiring.

Warm-Up

Activities or exercises designed to prepare mentally or physically before engaging in a main event or activity.