What Do Economists Call the Loss Society Experiences When There

question 205

Multiple Choice

What do economists call the loss society experiences when there is market failure and the production of a good is less than the efficient amount?

• A) tax
• B) subsidy
• C) price floor
• D) deadweight loss
• E) quantity restriction

---

Definitions:

Deep Popliteal Artery

The continuation of the femoral artery that passes through the popliteal fossa to supply blood to the knee joint and surrounding areas.

Audience Profile

A detailed description of the characteristics, preferences, and behaviors of a specific group of people targeted by a communication strategy.

Probable Reaction

The likely response or behavior that can be anticipated in a given situation.

Audience Members

Individuals who are part of the audience, especially in a live event or as viewers or listeners of a broadcast or performance.