Multiple Choice
When the San Francisco city manager faces a complaint that the city council chamber podium is not accessible to individuals with disabilities,he responds that the $1 million improvement will not happen because "that money could be spent building 70 curb ramps." Which economic principle does this statement BEST represent?
A) Markets move toward equilibrium.
B) The true cost of something is its opportunity cost .
C) "How much" is a decision at the margin.
D) When markets don't achieve efficiency,government intervention can improve society's welfare.
Correct Answer:
Verified
Correct Answer:
Verified
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