Which Tools Allow Economists to Determine If the Allocation of Resources

question 88

Multiple Choice

Which tools allow economists to determine if the allocation of resources determined by free markets is desirable?

• A)profits and costs to firms
• B)consumer and producer surplus
• C)the equilibrium price and quantity
• D)incomes of and prices paid by buyers

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Definitions:

Thalamus

A structure in the brain that acts as a relay station for transmitting sensory information to the cerebral cortex.

Amygdala

A part of the brain involved in emotion, particularly in processing fear, aggression, and social interactions.

Automatic Responses

Reactions that occur without conscious thought, often as a result of learned behaviors or innate physiological mechanisms.

Amygdala

A region of the brain's temporal lobe involved in experiencing emotions, such as fear and pleasure, and processing emotional memory.