Which of the Following Statements Is CORRECT

question 72

Multiple Choice

Which of the following statements is CORRECT?

• A)Supply and demand cannot explain why a particular good or service becomes more expensive relative to other goods and services.
• B)Inflation affects only the more advanced countries, whereas less advanced countries face deflation.
• C)Prices of most goods and services remained stable during the Great Depression.
• D)When the economy is in recession and jobs are hard to find, inflation tends to fall.

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Definitions:

Trustees

Individuals or organizations entrusted with the responsibility to manage assets or property on behalf of others, often for a specific purpose or benefit.

Board of Directors

A group of elected individuals who represent shareholders' interests, oversee management, and make strategic decisions for a corporation.

Business Judgment Rule

A legal principle that protects corporate directors and officers when making business decisions, assuming those decisions are made in good faith and with due care.

Duty of Care

The legal obligation of a person to exercise a reasonable standard of care while performing any acts that could foreseeably harm others.