Suppose You Were Able to Start New Cities on a Planet

question 136

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 the above are likely to be made.

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Definitions:

Little Emotion

A state characterized by diminished expression or experience of emotions, also known as emotional blunting or flat affect, which can be a symptom of various psychological conditions.

Residual Phase

A stage in certain mental health conditions, such as schizophrenia, characterized by a reduction in severity of symptoms or their partial remission after an acute phase.

Marginally Function

Operating at the lowest level of acceptable performance or capacity.

Type I Schizophrenia

A subtype of schizophrenia characterized by positive symptoms such as delusions, hallucinations, and disordered thoughts.