Examlex

Solved

An Event That Cannot Occur Is an Impossible Event

question 88

True/False

An event that cannot occur is an impossible event.


Definitions:

Budget Constraints

The limitations on the consumption bundles that a consumer can afford given their income and the prices of goods and services.

Utility

A measure of satisfaction or pleasure derived from consuming products or services.

Money Income

The total amount of monetary earnings received by an individual or household, including wages, salaries, investments, and other income sources.

Coke

A carbonized material derived from coal used mainly in steel production, or a trademark for a popular carbonated soft drink.

Related Questions