Which of the Following Statements Is False

question 137

Multiple Choice

Which of the following statements is false?

• A) To an economist,the resource land includes natural resources such as minerals,forests,water and unimproved land.
• B) To an economist,the resource capital consists of unproduced goods that can be turned into produced goods.
• C) To an economist,the resource labor consists of the physical and mental talents people contribute to the production process.
• D) To an economist,the resource entrepreneurship refers to a particular talent that some people have for organizing the resources of land,labor,and capital to produce goods,seek new business opportunities,and develop new ways of doing things.

Recognize the influence of collectivism vs. individualism in cultural contexts.

Identify the role and objectives of various professionals in psychology.

Understand the concept of social loafing and its cultural variations.

Understand the concept of ethnocentrism and its impact on cultural perspectives.

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Definitions:

Default Imposed

A consequence or penalty set forth due to non-compliance with established rules or failure to meet certain expectations.

Buyout Price

The amount payable to a partner on his or her dissociation from a partnership, based on the amount distributable to that partner if the firm were wound up on that date, and offset by any damages for wrongful dissociation.

Capital Contribution

Financial or other assets provided by partners or shareholders to a business, either initially or to support operations or expansion.

Heirs Entitled

Individuals designated by law or by a will to inherit property or assets from a deceased person's estate.