Which of the Following Statements Is True

question 44

Multiple Choice

Which of the following statements is true?

• A) Anytime you have to decide which action to take, you are experiencing economic equity.
• B) Trade-offs do not apply when consumers purchase a product for which there is excess supply, such as in a stock clearance sale.
• C) Every individual, no matter how rich or poor, is faced with making trade-offs.
• D) Economics is a social science that studies the trade-offs we are forced to make because resources are unlimited.