Which of the Following Statements Is False

question 52

Multiple Choice

Which of the following statements is false?

• A) Marijuana can tentatively be identified by the Duquenois-Levine color test.
• B) The active ingredient of marijuana is tetrahydrocannabinol.
• C) Hashish is a concentrated preparation of marijuana.
• D) Marijuana is synthesized from the Cannabis sinsemilla plant.
• E) Prior to 1970 marijuana was classified as a narcotic drug.

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Definitions:

Competitive Equilibrium

A state in a market where supply equals demand, and the prices enable buyers and sellers to be in equilibrium.

Demand Equals Supply

A market equilibrium condition where the quantity demanded by consumers at a specific price level is exactly equal to the quantity supplied by producers.

Initial Endowment

The initial allocation of assets, goods, or resources that an individual or entity possesses before any transactions.

Pareto Optimal

An economic state where it is impossible to make one party better off without making at least one party worse off.