Which of the Following Statements Is TRUE

question 148

Multiple Choice

Which of the following statements is TRUE?

• A)The concept of equilibrium requires that all individuals have an equal amount of income.
• B)If a market is in equilibrium, the price in that market will not fluctuate by more than 5%.
• C)If a market is in equilibrium, there will be no remaining opportunities for individuals to make themselves better off.
• D)A market is in equilibrium when the number of buyers is equal to the number of sellers.

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Definitions:

Anglicizing

The process by which non-English language elements, names, or cultures adopt English characteristics or become anglicized.

Public School System

A network of government-funded and managed schools that provide free education to the public.

Academic Curriculum

The structured set of courses, content, and learning experiences offered by educational institutions.

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Educational courses or programs designed to provide students with practical skills and knowledge in specific trades, such as carpentry, plumbing, or electrical work, leading to a career in the vocational sector.