Which of the following statements is NOT true? Households and economies both
A)must allocate scarce resources.
B)face many decisions.
C)must allocate the goods and services they produce.
D)must have a central decision maker.

Question

Quizplus · Accepted Answer

Households do not need to have a central decision maker, as decisions can be made collectively or by individual members. Economies, on the other hand, may have a central decision maker such as a government or central bank.

Which of the Following Statements Is NOT True? Households and Economies