Figure 10-10 -Refer to Figure 10-10. a Decrease in Output from 160

question 327

Multiple Choice

Figure 10-10
-Refer to Figure 10-10. A decrease in output from 160 units to 120 units would

• A)move the market from a socially efficient outcome to a socially inefficient outcome.
• B)reduce the external cost per unit of output.
• C)increase total economic well-being.
• D)not be an action of which a benevolent social planner would approve.

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Definitions:

Opposition

Opposition or disagreement demonstrated through actions or discussions against dominant ideologies, rules, or ruling bodies.

"Dole"

A term commonly used in the UK to refer to government-provided unemployment benefits.

Fireside Chats

A series of evening radio addresses given by U.S. President Franklin D. Roosevelt between 1933 and 1944 to directly communicate with the American public.

21st Amendment

The amendment to the United States Constitution that repealed the 18th Amendment, ending the nationwide prohibition on alcohol in 1933.