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:

Same-Decision Defense

A legal argument stating that an employer would have made the same decision regarding an employee's status even in the absence of wrongful conduct.

Worksharing Agreements

Collaborative arrangements between organizations or departments to divide work or projects to improve efficiency or output.

EEOC

The Equal Employment Opportunity Commission, a federal agency tasked with enforcing laws against workplace discrimination.

Right-to-Sue Letter

A document issued by a government agency authorizing an individual to pursue a lawsuit against an employer for suspected violations of the law.