What do American drivers on congested roads and Soviet shoppers waiting in line to purchase clothing have in common?
A)Both the American drivers and the Soviet shoppers are consuming products at prices that do not represent the full costs of the products.
B)Both the American drivers and the Soviet shoppers can purchase as much as they want at the market price.
C)Both the American drivers and the Soviet shoppers could avoid waiting if the prices were lowered.
D)American drivers and Soviet shoppers have nothing in common.

Question

Quizplus · Accepted Answer

Both the American drivers and Soviet shoppers are facing inefficiencies in the market. American drivers are consuming gasoline at prices that do not reflect the full cost of driving, such as the cost of congestion and pollution. Soviet shoppers are waiting in line to purchase clothing at government-set prices, which do not reflect the true cost of producing the clothing. In both cases, the true costs are not being passed on to the consumer, leading to inefficiencies in the market.

What Do American Drivers on Congested Roads and Soviet Shoppers