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:

Traditionally Urban Jobs

Occupations commonly found in city environments, often relating to industries like finance, services, and technology.

Rural Rebound

A demographic trend where people move from urban to rural areas, often seeking improved quality of life or to escape the congestion of cities.

Urban Boomerang

The phenomenon where individuals leave urban areas for rural or less dense areas, only to return to the city after a period.

Social Movement

An organized collective effort by a large group of people to bring about or resist social change, often aiming to address societal issues or grievances.