Which of the Following Statements Is Correct About Implicit Alternatives

question 80

Multiple Choice

Which of the following statements is correct about implicit alternatives?

• A) Making an implied alternative explicit may increase the percentage of people selecting that alternative.
• B) The split ballot technique should be used to rotate the order in which a list of alternatives appear.
• C) When alternatives are close in preference or large in number, the alternatives at the end of the list have a greater chance of being selected.
• D) All of the above are correct.

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Definitions:

Optimal Pollution Control

The regulation of pollution to maximize social welfare by balancing the costs of pollution control against the benefits of reducing pollution.

Economists

Professionals who study how societies use scarce resources to produce valuable goods and services and distribute them among different people.

Positive Externalities

Benefits that are enjoyed by a third-party or the society at large as a result of an economic transaction, but these benefits are not reflected in the market price.

Resource Problem

The economic issue of having limited resources to satisfy unlimited wants and needs, necessitating choices and priorities in allocation.