A New Law Applied to a Competitive Market That Requires

question 66

Multiple Choice

A new law applied to a competitive market that requires laid off workers be paid a large severance payment will

• A) not generate a deadweight loss.
• B) increase total welfare.
• C) increase consumer surplus in the market.
• D) decrease consumer surplus in the market.

---

Definitions:

General Lineage Species Concept

The general lineage species concept is the idea that species are metapopulations of organisms that exchange alleles frequently enough that they constitute the same gene pool and therefore the same evolutionary lineage.

Biological

Pertaining to the science of life and living organisms, including their structure, function, growth, origin, evolution, and distribution.

Asexually

Reproduction without the fusion of gametes, leading to offspring genetically identical to the parent.

Archaea

A category of single-celled organisms, distinct in genetics from both bacteria and eukaryotes, frequently located in environments of extreme conditions.