Economic Bads Are Items

question 12

Multiple Choice

Economic bads are items

• A) for which the produced quantity is less than the amount desired at a positive price.
• B) for which the desired quantity is less than what nature provides at a zero price.
• C) that individuals desire but which receive social disapproval.
• D) that receive social approval but which governments dislike.

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Definitions:

Vision

The ability to think about or plan the future with imagination or wisdom; often refers to the capability to see with the eyes.

Mental Fatigue

A state of tiredness or exhaustion that originates from prolonged cognitive activity, reducing an individual's capacity for mental work.

Ego Depletion

The state of diminished capacity to exercise self-control or make decisions, due to prior exertion of these cognitive resources.

Self-Perception

An individual's understanding and evaluation of their own behavior, traits, and values.