The Total Social Benefit of Automobiles Equals the Total Social

question 33

Multiple Choice

The total social benefit of automobiles equals the total social cost at current annual output.It then follows that:

• A)the annual output of automobiles is efficient.
• B)the annual output of automobiles exceeds the efficient amount.
• C)less than the efficient annual output of automobiles is produced.
• D)it is not possible to make buyers of automobiles better off without harming sellers.

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Definitions:

General Sociological

Pertaining to the broad field of sociology, focusing on social behaviors, social structures, and patterns of relationships within society as a whole.

Structural

Pertains to the underlying and enduring patterns or configurations in social life that influence social actions and institutions.

Historical

Pertaining to the study or representation of past events.

Rational Authority

A form of leadership where authority is based on legal rationality, professional knowledge, and official positions rather than personal power.