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Which of the Following Statements Is Correct

Question 162

Multiple Choice

Which of the following statements is correct?


A) If the buyer of a good gains, the seller must lose an equal amount.
B) The value of goods is objective; it is equal to the cost of supplying the good.
C) Opportunity costs will always be incurred when scarce resources are used to produce a good.
D) Changes in incentives generally have no effect on human behavior.

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