Which of the Following Statements Is Not Correct

question 157

Multiple Choice

Which of the following statements is not correct?

• A)Based on studies of human decision making, most people value fairness.
• B)Based on studies of human decision making, some people's preference are inconsistent over time.
• C)Government intervention is the best remedy for the problems caused by asymmetric information.
• D)Advertising can be an example of a company signaling the quality of its products.

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Definitions:

Importer

An individual or company that buys goods from foreign countries for resale in its own market.

Scooters

Lightweight personal vehicles with a step-through frame and a platform for the rider's feet, used for transportation.

Comparative Advantage

The capacity of an entity to generate a product or service with a lesser opportunity cost compared to others.

Qatar

A sovereign country located in Western Asia, occupying the small Qatar Peninsula on the northeastern coast of the Arabian Peninsula.