When the Market Does Not Result in an Efficient Allocation

question 91

Multiple Choice

When the market does not result in an efficient allocation of scarce resources, economists call this:

• A) market dropout.
• B) normative economics.
• C) market disincentives.
• D) market failure.

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Definitions:

Microvilli

Fingerlike projections from the plasma membrane of an epithelial cell; increase surface area of the cell.

Acidic Secretions

Fluids produced by cells or glands that contain a high concentration of acid, like stomach acid, aiding in digestion and other processes.

Carbohydrate-Digesting Enzyme

Enzymes that catalyze the breakdown of carbohydrates into simple sugars, facilitating their absorption and utilization by the body.

Pancreatic Amylase

An enzyme produced by the pancreas that breaks down starches into sugars during digestion.