Which statement is NOT true according to standard economic theory?

A) Resources are scarce when they can satisfy everyone's wants.
B) The true cost of a choice is what you must give up to enjoy that choice.
C) People typically make choices that will make them better off.
D) Rational people use marginal analysis when making "how much" decisions.

Economic Theory

A set of principles and methodologies that economists use to explain and predict economic patterns and behaviors.

Rational People

Individuals or decision-makers who systematically and purposefully do the best they can to achieve their objectives, making decisions based on available information and logical reasoning.

Marginal Analysis

Investigating the increased advantages of an activity relative to its increased financial burdens.