Which of the Following Statements Exemplifies a Principle of Individual

question 108

Multiple Choice

Which of the following statements exemplifies a principle of individual decisionmaking?

• A)Trade can make everyone better off.
• B)Governments can sometimes improve market outcomes.
• C)The cost of something is what you give up to get it.
• D)All of the above are correct.

---

Definitions:

Neutrality Provision

A legal or regulatory clause ensuring entities, like governments or companies, remain impartial on certain issues.

Union Representative

A union representative is an individual elected or appointed to represent and defend the interests of union members in discussions and negotiations with employers.

National Labor Relations Board

A US federal agency overseeing labor laws related to collective bargaining and unfair labor practices, ensuring employees' rights to organize.

Managerial Duties

Responsibilities of managers within an organization that include planning, leading, organizing, and controlling to achieve organizational goals.