Suppose You Were Able to Start New Cities on a Planet

question 188

Multiple Choice

Suppose you were able to start new cities on a planet in outer space. Suppose also that these cities will be self-supporting. Further, they will be democratic-with the objective of maximizing consumer welfare-measured by the level of consumer satisfaction. The economic decisions will be made through the "market mechanism." Which of the following statements might be made by some of the settlers?

• A) "The price of food is too high."
• B) "Intermediaries should be eliminated."
• C) "Advertising expenditures are too high."
• D) "Marketing costs too much."
• E) All of these statements are likely to be made.

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Definitions:

Abstract Thinking

The ability to think about objects, principles, and ideas that are not physically present.

Symbolic Thinking

The ability to use symbols, images, or objects to represent something that is not physically present, commonly seen in language, mathematics, and art.

Logical Thinking

The process of reasoning consistently and systematically to come to a conclusion.

Authoritarian

Describes a governing style characterized by strong central power and limited political freedoms.