Which Statement Is FALSE

question 284

Multiple Choice

Which statement is FALSE?

• A) A frost that destroys half the orange crop will create a surplus of oranges.
• B) It is possible to have a shortage of a good even if its supplies are abundant.
• C) Politicians often blame speculators and profiteers for rising prices rather than changes in supply and demand.
• D) To eliminate a shortage, prices must rise.

---

Definitions:

Quantities

The amount or number of a material or item measured or produced.

GDP Per Person

A measure of a country's economic output (Gross Domestic Product) divided by its population, indicating the average economic productivity per person.

Income

Earnings from work or investments, including wages, salaries, dividends, and interest.

Expenditure

The act of spending funds or disbursing money for various purposes such as operations, investments, or consumption.