Which Statement Is FALSE

question 284

Multiple Choice

Which statement is FALSE?

• A) A frost that destroys half the orange crop will create a surplus of oranges.
• B) It is possible to have a shortage of a good even if its supplies are abundant.
• C) Politicians often blame speculators and profiteers for rising prices rather than changes in supply and demand.
• D) To eliminate a shortage, prices must rise.

Interpret the significance of the mean and standard deviation in context to real-life distributions.

Utilize probability density functions to calculate probabilities.

Calculate and interpret z-scores in the context of the standard normal distribution.

Identify key figures and their contributions to the field of psychology.

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Definitions:

Distributor

An agent or company involved in the supply chain who takes goods from manufacturers and makes them available to vendors or the final consumer.

Vaccine

A biological preparation that provides immunity to a specific infectious disease.

Competition Act

Legislation aimed at promoting fair business practices and competition by preventing monopolies, anti-competitive practices, and other constraints on commerce.

Misleading Advertisement

Advertising that deceives or is likely to deceive the audience, potentially leading them to make purchasing decisions they would not have otherwise made.