Which Statement Is CORRECT

question 31

Multiple Choice

Which statement 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) Employment levels 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:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.