Which of the Following Statements Is Most Consistent with the Rule

question 175

Multiple Choice

Which of the following statements is most consistent with the rule of rational choice?

• A) Manufacturers of automobiles should seek to make cars safer, no matter the costs involved.
• B) Police forces should be enlarged until virtually all crime is eliminated.
• C) Environment Canada should strive to eliminate virtually all air and water pollution.
• D) When evaluating new prescription drugs, Health Canada should weigh each drug's potential health benefits against the potential health risks posed by known side effects.

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Definitions:

Labor Force

The total number of people available to work, including both the employed and the unemployed who are seeking employment.

General Price Level

An overall measure of the cost of goods and services in an economy at a specific time.

Macroeconomics

The branch of economics that studies the behavior and performance of an economy as a whole, focusing on aggregate changes.

Individual Units

Individual units refer to the single, distinct items or entities that can be counted or measured, often used in reference to products or components in economics and various sciences.