Suppose That Health Officials Have Argued That Eating Too Much

question 283

Multiple Choice

Suppose that health officials have argued that eating too much sugar might be harmful to human health.As a result,there has been a significant decrease in the amount of sugar produced.Which of the following best explains the decrease in production

• A)Sugar producers, concerned about the health of their customers, decided to produce relatively less sugar.
• B)Government officials, concerned about consumer health, ordered sugar producers to produce relatively less sugar.
• C)Individual consumers, concerned about their own health, decreased their demand for sugar, which lowered the relative price of sugar, making it less attractive to produce.
• D)Anti-sugar protesters have made it difficult for both buyers and sellers of sugar to meet in the marketplace.

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Definitions:

Opportunity Cost

The value of the next best alternative that must be forgone as a result of choosing one option over another.

Cookie

A small, sweet baked treat, often containing flour, sugar, and oil or fat, and possibly containing chocolate chips, nuts, or other ingredients.

Absolute Advantage

The ability of a country, individual, company or region to produce a good or service at a lower cost per unit than any competitor.

Comparative Advantage

A principle that states a country or individual can produce a particular good or service at a lower opportunity cost than others.