Which of the Following Statements Concerning Efficiency Is Correct

question 102

Multiple Choice

Which of the following statements concerning efficiency is correct?

• A)If a toll road is heavily used so that traffic movement is slowed, the price per vehicle should be reduced since the road is generating more revenue.
• B)Economists advocate high prices for abundant resources and low prices for scarce resources.
• C)If a toll road is heavily used and traffic movement is difficult, the price per vehicle should be increased to shift some traffic to less-crowded roads.
• D)All of these options are desirable in promoting efficient use of scarce road space.

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Definitions:

Psychoanalytic Tradition

A school of psychology originating from the work of Sigmund Freud, focusing on unconscious processes influencing behavior.

Repressed

A psychological condition where unwanted or distressing thoughts and memories are unconsciously blocked from conscious awareness.

Psychoanalysis

A therapeutic approach and theory of mind developed by Sigmund Freud, focusing on unconscious processes and childhood experiences as key factors influencing behavior and mental states.

Conscious Awareness

The state of being mentally aware of one's surroundings, thoughts, and feelings; the ability to experience and reflect upon oneself and the environment.