Which of the Following Statements Is True

question 416

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 the consumers purchase a product for which there is excess supply, such as 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.

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Definitions:

Personality Tests

Assessments designed to measure and evaluate individuals' characteristic patterns of behavior, thoughts, and emotions.

Diversity

The inclusion of individuals from various backgrounds, cultures, races, genders, and sexual orientations, enriching a group or community environment.

Types of Diversity

Refers to the variety of differences among people in an organization or society, including cultural, racial, gender, age, and other dimensions.

Psychological Safety

The belief that one can speak up, take risks, and be creative without fear of punishment or embarrassment in a group setting.