Which of the Following Statements Is NOT Correct

question 100

Multiple Choice

Which of the following statements is NOT correct?

• A) Economics is a behavioral science.
• B) In large measure, economics is the study of how people make choices.
• C) If poverty were eliminated, there would be no reason to study economics.
• D) Economic analysis can be used to explain how both individuals and societies make decisions.

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Definitions:

Deceptive Advertising

Marketing practices that mislead or deceive consumers into believing something false or not providing the full truth about a product or service.

FTC

Stands for Federal Trade Commission, an independent agency of the United States government aimed at promoting consumer protection and the elimination and prevention of anticompetitive business practices.

Material Misrepresentations

False statements or omissions of significant facts that, if known, could influence the decision of the party to whom they are made.

European Union

A political and economic union of 27 member states that are located primarily in Europe, established to foster economic cooperation and has its own currency, the euro, used by 19 of its member states.