Which of the Following Statements Is FALSE

question 16

Multiple Choice

Which of the following statements is FALSE?

• A) Economic goods are available in desired quantities at a zero price.
• B) A good is anything that gives satisfaction or happiness to individuals.
• C) Services are intangible goods such as dry cleaning, hospital care, and restaurant meal preparation.
• D) Wants are unlimited and include all material and nonmaterial desires.

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Definitions:

Strike Price

The price at which the holder of an option can execute the contract to buy (call) or sell (put) the underlying asset.

Stock Price

The current price at which a single share of a company's stock can be bought or sold in the financial markets.

Exchange-Traded

Refers to securities or other financial instruments that are traded on a formal exchange, facilitating transparency and liquidity.

Expiration Month

The month in which a derivative contract such as an option or futures contract ceases to exist.