An Outcome Is Socially Optimal If It

question 171

Multiple Choice

An outcome is socially optimal if it:

• A)is an equilibrium outcome.
• B)leaves no unexploited opportunities for individuals.
• C)is determined by the government.
• D)maximizes total economic surplus.

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Definitions:

Illness

A state of poor health resulting from disease, infection, or another medical condition, affecting the body or mind.

Taste Receptors

Sensory cells located on the tongue and other parts of the mouth that enable the perception of taste, such as sweet, sour, bitter, salty, and umami.

Pheromones

Pheromones are chemical substances produced and released into the environment by an animal, affecting the behavior or physiology of others of its species, often functioning as attractants.

Sexual Attraction

The feeling of finding someone sexually appealing or desirable, often an initial component of sexual orientation and romantic relationships.