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Which of the Following Statements Is False

Question 7

Multiple Choice

Which of the following statements is false?


A) There is an opportunity cost associated with any choice made.
B) If there is a budget constraint, there will be scarcity.
C) A person without a budget constraint does not face opportunity costs.
D) Opportunity costs occur because of scarce resources.
E) Because of scarcity, choices have to be made.

Correct Answer:

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