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:

Research Process

A systematic method of investigating phenomena, acquiring new knowledge, or correcting and integrating previous knowledge.

Sewage Treatment

The process of removing contaminants from wastewater, primarily from household sewage, involving physical, chemical, and biological processes to produce environmentally safe treated wastewater.

Narcotics

Drugs that can lead to dependence and are used medically for pain relief but may be illegal or subject to strict control.

Intervening Variable

A third variable, sometimes overlooked, that explains the relationship between two other variables.