Question 10 of 10Unsaved change Click Submit to complete this assessment.
Which one of the following statements is false?
Economics is a study of money and choices.
Opportunity cost refers to the alternative we are sacrificing when making a decision.
The balance of payment consists of the current - and the capital account.
Higher inflation implies lower purchasing power, and the value of the currency falls.
1 answer
The statement "The balance of payment consists of the current - and the capital account" is false. The correct statement is "The balance of payment consists of the current account - and the financial account."