When Policymakers Are Considering a Particular Action,they Can Use Consumer

question 49

Multiple Choice

When policymakers are considering a particular action,they can use consumer surplus as a(n)

• A)objective measure of the benefits to buyers as determined by policymakers.
• B)measure of the benefits to buyers as the buyers perceive them.
• C)potentially flawed measure of the benefits to buyers if the buyers are not rational.
• D)Both b)and c)are correct.

---

Definitions:

Phenotype

The set of observable characteristics or traits of an organism, resulting from the interaction of its genotype with the environment.

Environment

The sum of all external conditions and influences affecting the life and development of an organism, which can be natural or man-made.

Preimplantation Genetic Diagnosis

A technique used to identify genetic defects in embryos created through in vitro fertilization (IVF) before pregnancy.

Autosomes

Chromosomes that are not sex chromosomes and are present in pairs in both males and females, making up the majority of the human genome.