The Saying "The Lower the Price, the Better" May Not

question 117

Multiple Choice

The saying "the lower the price, the better" may not always be correct for an economy's public interest because

• A)people should have to pay for what they want.
• B)people will overuse something they perceive as being cheaper than the utility they receive for it.
• C)the government can no longer afford to provide all the goods and services it provides because it is slowly going broke.
• D)cheaper prices will make people buy less of other things.

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Definitions:

Fixation

An obsessive focus or concentration on a particular issue or object, potentially leading to psychological challenges.

Speed Readers

Individuals who employ reading techniques that allow them to read text at an exceptionally fast rate while maintaining comprehension.

Saccades

Saccades are quick, simultaneous movements of both eyes in the same direction, enabling rapid shifting of the gaze to different points in the visual field.

Fixations

Persistent focus of the id's pleasure-seeking energies at an earlier stage of psychosexual development, in which conflicts were unresolved.