In economic analysis, air pollution, water pollution, and scenery destruction are considered to be

When a consumer allocates her limited budgetary resources to maximize her well-being, ____ is achieved

a. the elimination of scarcity b. market equilibrium c. consumer equilibrium d. the maximization of marginal utility

A short run equilibrium:

a. Will be at a greater output level than the natural level of real output. b. Will be at the natural level of real output c. Will be at a smaller output level than the natural level of real output. d. Short-run equilibrium could be at any of the above levels of output.