It Is Cheaper to Produce Corn in Kansas Than in Death

question 96

Multiple Choice

It is cheaper to produce corn in Kansas than in Death Valley, California, because corn needs a lot of water and moderate temperatures. This statement best represents this economic concept:

• A)Resources are scarce.
• B)Markets move toward equilibrium.
• C)Resources should be used as efficiently as possible to achieve society's goals.
• D)Markets usually lead to efficiency.

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Definitions:

Fear Appeal

A persuasive message that attempts to arouse fear in order to divert behavior through the highlighting of negative consequences.

Stanley Milgram

An American social psychologist best known for his controversial experiment on obedience conducted in the 1960s, demonstrating people's willingness to follow orders from an authority figure even to the extent of harming others.

Permanent Tissue Damage

Long-lasting or irreversible harm to body tissues, which can affect their function.

Evaluation Apprehension

Concern that others are evaluating our behavior.