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Which Statement Is NOT True

Question 17

Multiple Choice

Which statement is NOT true?


A) Resource scarcity is a major economic concern in the rich countries of the world.
B) Most opportunity costs are zero.
C) An economic situation is in equilibrium when no individual would be better off taking a different action.
D) Very talented individuals,who can do most things better than most people,may still benefit greatly from specializing in doing one thing.

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