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:

Slacker

A person who avoids work or effort.

Group Task

An assignment or project to be completed by a group of people working together, emphasizing teamwork and collaboration.

Social Loafing

The occurrence where people put in less effort towards accomplishing an objective as part of a group than they do when working individually.

Exert Less Effort

A phenomenon where individuals decrease their effort output in situations where they perceive lesser necessity for intense work.