Which of the Following Statements Is True

question 209

Multiple Choice

Which of the following statements is true?

• A)Any time you have to decide which action to take you are experiencing economic equity.
• B)Trade-offs do not apply when the consumers purchase a product for which there is excess supply, such as with a stock clearance sale.
• C)Every individual, no matter how rich or poor, is faced with situations that require trade-offs.
• D)Economics is a social science that studies the trade-offs we are forced to make because resources are unlimited.

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Definitions:

Violence

Behavior involving physical force intended to hurt, damage, or kill someone or something.

Latent Learning

Learning that occurs without any obvious reinforcement at the time but is demonstrated later when a suitable motivation is provided.

Classic Experiment

A traditional or well-established experimental procedure used in scientific research to test hypotheses.

Latent Learning

Learning that occurs without immediate reinforcement and is not demonstrated until there is an incentive to perform.