Suppose That Antitrust Laws Were Successful in Moving the Allocation

question 455

Multiple Choice

Suppose that antitrust laws were successful in moving the allocation of resources in the computer software industry closer to the social optimum. This situation would illustrate which of the following Ten Principles of Economics?

• A)Trade can make everyone better off.
• B)The cost of something is what you give up to get it.
• C)Governments can sometimes improve market outcomes.
• D)A country's standard of living depends on its ability to produce goods and services.

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Definitions:

Nose Wrinkled

A facial expression where the nose is scrunched up, often indicating disgust, displeasure, or skepticism.

Disgust

An emotional response of revulsion or strong disapproval evoked by something considered offensive, distasteful, or unpleasant.

Cognitive Appraisal

The process by which an individual evaluates and interprets an event or situation that leads to an emotional response.

Different Responses

Variability in reactions or answers by individuals to the same stimulus or situation.