When Policymakers Are Considering a Particular Action,they Can Use Consumer

question 49

Multiple Choice

When policymakers are considering a particular action,they can use consumer surplus as a(n)

• A)objective measure of the benefits to buyers as determined by policymakers.
• B)measure of the benefits to buyers as the buyers perceive them.
• C)potentially flawed measure of the benefits to buyers if the buyers are not rational.
• D)Both b)and c)are correct.

---

Definitions:

Unintended Consequences

Outcomes that are not foreseen or intended by a purposeful action, often discussed in economics, social policy, and other fields.

Functionalist Theorists

Focus on how society maintains stability and order, viewing each part of society as functioning to maintain the whole.

Latent Functions

The unintended consequences of an action or social pattern.

Dominant Ideology

The set of beliefs, values, and norms that reflect the interests of the ruling class or majority group in a society, often taken as natural or universally true.