Which of the Following Statements About the Economic Decisions Consumers

question 229

Multiple Choice

Which of the following statements about the economic decisions consumers, firms, and the government have to make is false?

• A)Governments face the problem of scarcity in making economic decisions.
• B)Only individuals face scarcity; firms and the government do not.
• C)Both firms and individuals face scarcity.
• D)Each faces the problem of scarcity which necessitates trade-offs in making economic decisions.

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Definitions:

Bell's Palsy

A neurological condition that causes temporary weakness or paralysis of the facial muscles, often affecting one side of the face.

Neuralgia

A medical condition characterized by severe pain along the distribution of a nerve.

Amyotrophic Lateral Sclerosis

A condition characterized by the gradual degeneration of neurons in the brain and spinal cord, resulting in weakening and shrinkage of muscles.

Epilepsy

A neurological condition characterized by recurrent seizures, caused by abnormal electrical activity in the brain.