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.

---

Definitions:

Individual Source

A single entity or person from which information, data, or resources originate.

Resistance to Change

Opposition or reluctance by individuals or groups within an organization to adopt new approaches, practices, or technologies.

Threat to Expertise

A situation or dynamic in which an individual's specialized knowledge or skills are undervalued, challenged, or becoming obsolete, potentially affecting their standing or career.

Demographic Characteristics

Specific attributes that describe segments of the population, such as age, gender, income, education level, and ethnicity.