Which of the Following Statements About the Economic Decisions Consumers

question 229

Multiple Choice

Which of the following statements about the economic decisions consumers, firms, and the government have to make is false?

• A)Governments face the problem of scarcity in making economic decisions.
• B)Only individuals face scarcity; firms and the government do not.
• C)Both firms and individuals face scarcity.
• D)Each faces the problem of scarcity which necessitates trade-offs in making economic decisions.

---

Definitions:

Angry Feelings

Emotional responses characterized by annoyance or displeasure, which may arise from a range of personal or external triggers.

Race

A social construct used to categorize humans into large and distinct populations or groups by heritable physical, social, and cultural traits.

True Story

Often refers to an account or narrative based on real events and facts, as opposed to fiction.

Gang Members

Individuals who belong to gangs, often characterized by their involvement in criminal activities, shared identity, and loyalty to their group.