Which of the Following Statements Is False

question 104

Multiple Choice

Which of the following statements is false?

• A)If marginal cost exceeds marginal benefit, too much is being produced.
• B)Taking money from the rich and giving it to the poor does not improve efficiency.
• C)Three conditions must be met to achieve efficiency.
• D)If all consumers experience the same marginal benefit, equity has resulted.
• E)To achieve efficiency, a producer whose marginal cost is lower than his or her competitors should produce more than his or her competitors.

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Definitions:

Mare

Latin for "sea," often used to describe the large, dark basaltic plains on the Moon, formed by ancient volcanic eruptions.

Lunar Highlands

Elevated, mountainous regions on the moon's surface, characterized by high albedo, heavy cratering, and made predominantly of anorthosite.

Impact Craters

Circular depressions formed by the collision of a meteorite, asteroid, or comet with the Earth's surface, characterized by a raised rim and, in some cases, a central peak.

Topographic Relief Map

A map that shows the elevation and gradient of the Earth's surface with contour lines or shading to represent the terrain.