Which of the Following Statements Is False

question 139

Multiple Choice

Which of the following statements is false?

• A)There is an opportunity cost associated with any choice made.
• B)If there is a budget constraint,there will be scarcity.
• C)A financial budget constraint must exist for an opportunity cost to exist.
• D)Opportunity costs occur because of scarce resources.
• E)Because of scarcity,choices have to be made.

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Definitions:

Significance Level

The probability of rejecting the null hypothesis when it is actually true, used as a threshold in hypothesis testing.

Model Contribution

Refers to the impact or influence that a statistical model has in explaining the variability of the observed data.

Negative Correlation

Negative correlation indicates that as one variable increases, the other decreases, and vice versa, demonstrating an inverse relationship.

Null Hypotheses

A hypothesis that stipulates there is no statistical significance between the specified sets of data or that any observed differences are due to chance.