Which of the Following Are True

question 153

Multiple Choice

Which of the following are true?

• A) Economists use the criterion of economic efficiency to judge the merit of alternative outcomes.
• B) Undertaking an economic action will be efficient if it produces more benefits than costs for the individuals of the economy.
• C) Undertaking an economic action will be inefficient if it produces more costs than benefits to the individuals.
• D) All of the above are true.

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Definitions:

Authority

Authority is the power or right to give orders, make decisions, and enforce obedience.

Compliance

The act of following a request, order, or command; often studied in social psychology.

Bystander Effect

A social psychological phenomenon where individuals are less likely to offer help to a victim when other people are present, often due to a diffusion of responsibility.

Emergency

An emergency is a sudden, unforeseen situation that requires immediate action to prevent or minimize harm or disaster.