Which Statement Is NOT One of the Four Principles of Individual

question 114

Multiple Choice

Which statement is NOT one of the four principles of individual choice?

• A) Choices are necessary because resources are scarce.
• B) Unpaid volunteer work is irrational since economic rationality dictates that individuals should only engage in work they are paid for.
• C) The true cost of something is its opportunity cost.
• D) "How much" is a decision at the margin.

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Definitions:

Individualism-Collectivism Dimension

A cultural framework that describes the degree to which individuals in a society are integrated into groups, highlighting the contrast between personal independence and communal interdependence.

Intercultural Competency

the ability to communicate effectively and appropriately with people of other cultures, understanding cultural differences and similarities.

Time Orientation Dimension

A cultural characteristic that reflects the extent to which a society values past, present, or future outcomes and behaviors.

Multinational Corporations

Companies that operate in multiple countries, managing production or delivering services in more than one country.