If a Tin of Sardines Creates a Noxious Odor for Non-Sardine-Eaters

question 75

Multiple Choice

If a tin of sardines creates a noxious odor for non-sardine-eaters equivalent to $1 per tin, it follows that the market produces:

• A) too few tins of sardines relative to the social optimum.
• B) too many tins of sardines relative to the social optimum.
• C) the socially optimal level of sardines.
• D) too many or too few tins of sardines, but it is impossible to say which.

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Definitions:

Expect Obedience

The belief or expectation that commands, orders, or instructions will be followed without question.

Responsive

Being reactive or sensitive to external stimuli or internal needs, and able to adapt or respond to changes appropriately.

Unresponsive

The state of not reacting to stimuli or not displaying any signs of consciousness or activity.

Serotonin Levels

Refer to the amount of serotonin, a neurotransmitter associated with mood regulation, present within the nervous system.