Which of the Following Statements Is FALSE

question 57

Multiple Choice

Which of the following statements is FALSE?

• A)Efficiency exists when an economy realizes the maximum possible gains from trade given the available resources.
• B)If an economy is efficient, it is possible to make only a few people better off without reducing other individuals' economic welfare.
• C)Economic efficiency exists when all opportunities to make people better off have been fully exploited.
• D)Markets usually lead to efficiency.

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Definitions:

Sales Data

Sales data encompasses the records and information regarding the quantity, price, and characteristics of products or services sold by a company.

Percentage Increase

A measure of how much a quantity has grown relative to its previous value, expressed as a percentage.

Horizontal Analysis

A financial analysis technique that compares historical financial data across consecutive periods to identify trends and growth patterns.

Vertical Analysis

A method of financial statement analysis in which each entry for each of the three major categories of accounts (assets, liabilities, and equity) or income and expenses is represented as a proportion of a total account.