Which of the Following Statements Concerning Efficiency Is Correct

question 143

Multiple Choice

Which of the following statements concerning efficiency is correct?

• A)If a toll road is heavily used so that traffic movement is slowed, the price per vehicle should be reduced since the road is generating more revenue.
• B)Economists advocate high prices for abundant resources and low prices for scarce resources.
• C)If a toll road is heavily used and traffic movement is difficult, the price per vehicle should be increased to shift some traffic to less-crowded roads.
• D)None of the above is desirable in promoting efficient use of scarce road space.

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Definitions:

Negative Messages

Communications that convey unfavorable, disappointing, or unwanted information to the recipient.

Bad News

Bad news pertains to information or updates that are negative, disappointing, or undesirable to the recipient.

Negative News

Negative news involves information that is unwelcome or disappointing, and must be communicated with sensitivity to minimize adverse reactions.

Positive Note

A term used to describe ending a communication or situation on an optimistic or hopeful manner.