If society were to maximize the utility of its best-off member, the final allocation would be

The most important role of the World Trade Organization is

(a) to promote market oriented economic policies. (b) to settle trade disputes. (c) to provide development assistance. (d) to help countries choose the appropriate level of a tariff or quota.

People who use drive-through windows at restaurants and eat while on the road tend to

a. have a low opportunity cost of time b. have a high opportunity cost of time c. not maximize their utility d. act irrationally e. value their money more than their time