If an Externality Is Present in a Market, Economic Efficiency

question 129

Multiple Choice

If an externality is present in a market, economic efficiency may be enhanced by

• A)increased competition.
• B)weakening property rights.
• C)better informed market participants.
• D)government intervention.

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Definitions:

Gastric Bypass

A surgical procedure that helps with weight loss by changing how the stomach and small intestine handle the food you eat, causing you to absorb fewer calories.

Massive Weight Loss

A significant reduction in body weight, typically through surgery, diet, or exercise, often to improve health.

Fruits and Vegetables

Plant-derived food items rich in vitamins, minerals, fiber, and antioxidants, essential for a balanced diet and good health.

Overweight Children

Young individuals having a body mass index (BMI) above the normal range for their age and height, indicating excess body fat.