If deadweight loss exists in a competitive market, which one of the following is true?
A) The efficient quantity is being produced.
B) The marginal benefit to society equals the marginal cost.
C) Total surplus is maximized.
D) The market is either under- or overproducing.
D) The market is either under- or overproducing.
You might also like to view...
The use of poison on spear tips as used by which hunters in Tanzania today shortens killing distance considerably?
a. Watusi b. Maasai c. Hadza d. Zulu e. Yanomamo
Margaret Mead’s study of three New Guinea societies determined that ______
a. males in all three societies were more nurturing than were the women b. men’s and women’s gender roles are not defined in the same ways in all societies c. women in these three groups were fiercely aggressive while men’s behavior varied d. men in these three groups were fiercely aggressive while women’s behavior varied e. women were nurturing and men were aggressive
Baruya women:
a. created new tools themselves and gave up horticulture. b. embraced new technology and became more productive. c. did not allow men to use steel axes for horticulture. d. rejected some steel tools in practice of horticulture.
Some anthropologists are critical of development because they do not believe that people should buy into the practices of governments and other agencies behind development programs
Indicate whether the statement is true or false