Which of the Following Statements Is False

question 163

Multiple Choice

Which of the following statements is false?

• A)One of the basic principles capitalism is based on is to "trust no one."
• B)To have real competition in a market economy no one business should be able to have any influence over price.
• C)A basic trade-off exists between the goals of equity and efficiency for a society.
• D)The forces of supply and demand will NOT automatically lead to an equitable distribution of income.

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Definitions:

Related Liabilities

Related liabilities are obligations that are directly associated with the primary operations or financial activities of a business.

Total Billed

The cumulative amount of charges or fees invoiced to a customer for goods or services provided.

Warranty Sales

Revenues generated from the sale of warranties, which guarantee the repair or replacement of a product.

Disgruntled Employee

An employee who is discontented or dissatisfied with their job, potentially leading to reduced productivity or morale in the workplace.