1. Let's analyze each statement to determine which one is false. 2. Statement 1: "Economics is a study of money and choices." This is true because economics studies how individuals and societies allocate scarce resources, including money, to satisfy their needs and wants. 3. Statement 2: "Opportunity cost refers to the alternative we are sacrificing when making a decision." This is true. Opportunity cost is the value of the next best alternative foregone when a choice is made. 4. Statement 3: "The balance of payment consists of the current - and the capital account." This is true. The balance of payments is divided mainly into the current account and the capital (or financial) account. 5. Statement 4: "Higher inflation implies lower purchasing power, and the value of the currency falls." This is true. Inflation reduces the purchasing power of money, meaning each unit of currency buys fewer goods and services. 6. Since all statements are true, none of the given statements is false.