Which of the Following Statements Is True

question 210

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 benefit will occur when a third party enjoys some of the benefits derived from production of some good or service.
• C)One of the roles of our government is to provide a job to any able-bodied person who wants a job.
• D)The price mechanism will work well if there are at least two companies that are competing against each other.

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Definitions:

Individualized Solution

A customized or tailored approach designed to meet the specific needs of an individual or situation.

Analytical Report

A document that provides detailed analysis on a specific topic, often used to support decision-making processes.

Recommendations

Suggestions or advice given based on analysis or expertise, intended to guide decisions or actions.

Solicited Proposal

A proposal requested by an organization or individual, often in response to a specific need or project announcement.