The Economic Way of Thinking Indicates That Government Action Will

question 84

Multiple Choice

The economic way of thinking indicates that government action will

• A)never improve on the allocation of resources through markets.
• B)always improve on the results of markets if the political process is democratic.
• C)reflect the actions of political decision-makers seeking to advance the public interest, rather than their own personal interests.
• D)can either improve the well-being of the general public, or harm it, depending on the circumstances.

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Definitions:

Opiate Drugs

Substances derived from opium or synthetically made to mimic its effects, typically used to relieve pain but also known for their potential for addiction and abuse.

Receptor Sites

Specific locations on cell membranes or within cells where hormones, neurotransmitters, drugs, or other molecules bind to elicit a biological response.

Endorphins

“Morphine within”—natural, opiatelike neurotransmitters linked to pain control and to pleasure.

Axon

A long, slender projection of a nerve cell that conducts electrical impulses away from the neuron's cell body.