Which of the following statements is false?
A) Economists look at the factors that lead an individual to decide that a particular idea is in his or her best interest.
B) Economists do not ask whether a particular decision is in the individual's best interest.
C) Choices must be made because of scarcity.
D) A particular choice is made by an individual because that choice provides the greatest satisfaction.
E) None of these statements is false, they are all true.
Correct Answer:
Verified
Q30: The concept of scarcity as used by
Q31: Opportunity cost is best defined as the:
A)sum
Q32: To say that something is scarce means
Q33: The basic economic problem is:
A)inflation.
B)unemployment.
C)poverty.
D)scarcity.
E)lack of money.
Q34: To say that there is a scarcity
Q36: Economics is the study of:
A)the allocation of
Q37: Which economic concept is illustrated by the
Q38: If you must make a choice about
Q39: To an economist, scarcity means that:
A)it is
Q40: Which of the following is a result
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents