Which of the Following Lead to an Inefficient Outcome? I

question 11

Multiple Choice

Which of the following lead to an inefficient outcome? I.Decreasing marginal social benefit
II.Taxes
III.High transactions cost

• A)I only
• B)II only
• C)I and III
• D)II and III
• E)I,II and III

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Definitions:

Ticking Bomb

A hypothetical scenario often used in discussions of ethics and law enforcement, where a bomb is about to explode, and extreme measures, such as torture, are considered to prevent disaster.

Torture Warrants

A controversial proposal suggesting that legal authorities could issue permits allowing the use of torture in exceptional cases, especially for extracting information in terrorism-related circumstances.

Alan Dershowitz

A prominent American lawyer and legal scholar known for his work in constitutional law and American criminal law.

Administrative Regulations

Rules and guidelines developed by governmental or organizational bodies to direct activities, implement laws, and govern operations within specific areas or functions.