Say a pill existed that made people selfless. After taking it they were only interested in others, not themselves. Under the coordination definition of economics:

A. there would be a political problem but not an economic problem.
B. no economic problem would exist.
C. there still would be an economic problem.
D. there would be a social problem but not an economic problem.

Answer: C

Economics

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For a risk-averse individual, as wealth increases, total utility ________ and marginal utility ________

A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases

Economics

Under the Sarbanes-Oxley Act of 2002, the provision that established the PCAOB to supervise accounting firms is an example of

A) regulate for transparency. B) supervisory oversight. C) separation of functions. D) socialization of information production.

Economics