"There Can Be Too Much of a Good Thing

question 31

Multiple Choice

"There can be too much of a good thing." This statement suggests that

• A)choices made in self-interest cannot be applied to many economic decisions.
• B)a good may be produced to the point where its marginal cost exceeds its marginal benefit.
• C)certain goods and services such as education and health care are inherently desirable and should be produced regardless of costs and benefits.
• D)a good may be produced to the point where its marginal benefit exceeds its marginal cost.
• E)a good may be produced to the point where its marginal benefit is equal to its marginal cost.

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Definitions:

Affiliation Needs

Human desire to belong to groups, form relationships, and be part of a community, stemming from the instinctual compulsion for social interaction.

Unsatisfying Romantic Relationship

A condition in which emotional, physical, or intimate connections within a romantic partnership do not fulfill one or both partners' expectations or needs.

Fearful of Loneliness

An intense apprehension or anxiety about being alone or isolated.

Self-Determination Theory

The theory that we feel motivated to satisfy our needs for competence, autonomy, and relatedness.