Which of the Following Is NOT Guaranteed by the Efficiency

question 70

Multiple Choice

Which of the following is NOT guaranteed by the efficiency of the market equilibrium?

• A) Price represents the value of an extra unit of consumption.
• B) Rich and poor will have adequate access to the good.
• C) Price represents the cost of an extra unit of production.
• D) Neither a shortage nor a surplus will exist.
• E) All mutually beneficial trades will have been made.

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Definitions:

Armed Slaves

Armed slaves were enslaved individuals who were armed and organized to fight, commonly in the context of slave revolts or during wartime when they were promised freedom for service.

David Walker

An African American abolitionist who published an appeal in 1829 calling for the end of slavery and equal rights for Black people.

North Carolina

A U.S. state located in the southeastern region, known for its diverse landscapes, ranging from Atlantic Ocean beaches to the Appalachian Mountains.