When the San Francisco City Manager Faces a Complaint That

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." This statement best represents this economic concept:

A) Resources are scarce.
B) The real cost of something is what you must give up to get it.
C) "How much" is a decision at the margin.
D) When markets don't achieve efficiency, government intervention can improve society's welfare.