Which Statement Is FALSE

question 68

Multiple Choice

Which statement 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)Free markets usually lead to efficiency,but not necessarily equity.

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Definitions:

Deposit Slip

A paper that goes with a bank deposit, listing the cash and/or checks amount being put into the bank.

Customer

An individual or entity that purchases goods or services from a business.

Bank Statement

A document issued by a bank that summarizes an account holder's transactions and financial activity over a specified period.

Checking Account

A bank account that allows for numerous withdrawals and deposits, intended primarily for daily transactions.