Creating a Market That Was Previously Missing

question 89

Multiple Choice

Creating a market that was previously missing:

• A) redistributes surplus from buyer to seller.
• B) creates more total surplus.
• C) redistributes surplus from seller to buyer.
• D) redistributes surplus from a pre-existing market to the one that was previously missing.

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Definitions:

Antidiuretic Hormone

A hormone released by the pituitary gland that helps regulate the balance of water in the body by reducing the amount of water excreted by the kidneys.

Kidneys

Vital organs located in the back of the abdomen that filter blood to produce urine, regulate electrolytes, maintain acid-base balance, and regulate blood pressure.

Follicle-Stimulating Hormone

A substance produced by the front part of the pituitary gland which prompts the development of ovarian follicles in women and the generation of sperm in men.

Lymphatic System

Part of the immune system, comprising a network of lymphatic vessels that carry a clear fluid called lymph towards the heart, involved in removing waste and fighting infections.