Which of the Following Could Reduce Economic Efficiency

question 64

Multiple Choice

Which of the following could reduce economic efficiency?

• A)laws that encourage lawsuits
• B)policies that redistribute income
• C)policies that impose significant restrictions on international trade
• D)All of the above are correct

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Definitions:

Community

A group of people living in the same place or having a particular characteristic in common, often bound by a sense of unity or shared identity.

Social Exchange Theory

A theoretical framework suggesting that social behavior is the result of an exchange process aiming to maximize benefits and minimize costs to the individuals.

Community Psychologists

Professionals who apply psychological principles and research to assess and improve the well-being of communities and the individuals within them.

Psychological Barriers

represent mental or emotional obstacles that hinder a person's ability to communicate effectively, achieve goals, or fully engage in relationships.