Which of the Following Is Not a True Statement

question 54

Multiple Choice

Which of the following is not a true statement?

• A)A principle is a statement of a true and generalized nature containing referents to the real world.
• B)If a principle could be empirically tested and proven true, it would be capable of becoming a law.
• C)The truth of a law or principle means that is should not be replaced by a newer system.
• D)Principles are general statements that influence the way we view phenomena and the way we think about problems.

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Definitions:

Induced Consumption

Consumer spending that increases when income increases and decreases when income decreases.

Autonomous Consumption

Consumer spending that does not change in response to fluctuations in income, reflecting basic, non-discretionary expenditures.

Disposable Income

The funds set aside by households for spending and saving after income tax subtractions.

APC

Average Propensity to Consume, which refers to the percentage of income that an individual or group spends on consumer goods and services as opposed to saving.