Which of the Following Statements Is Most Likely to Have

question 44

Multiple Choice

Which of the following statements is most likely to have been made by a girl, rather than a boy?

• A) He knew what the rule was and he broke it, so he should be punished.
• B) If everyone was excused for bad behavior, all we would have is bad behavior.
• C) He was trying to the right thing, so he should receive no punishment.
• D) He is usually right, so he is probably right this time too.

---

Definitions:

Perfectly Competitive

A market structure characterized by a large number of small firms, identical products, and free entry and exit, leading to price-taking behavior.

Horizontal

Refers to something that is parallel to the horizon, often used in contrast with vertical; in economics, it may pertain to mergers between companies at the same stage of production.

Economic Profits

Refers to the financial gains that exceed the total costs, including both explicit and implicit costs, of a business.

Enter Industry

The act of starting or initiating business operations in a particular market sector.