An Efficient Use of Resources Occurs When

question 6

Multiple Choice

An efficient use of resources occurs when

• A)a deadweight loss arises.
• B)total social benefit from a good equals its total social cost.
• C)producer surplus is eliminated.
• D)consumer surplus is maximized.
• E)a monopoly practices perfect price discrimination.

---

Definitions:

Job Listing

An advertisement or announcement of a job opening, describing the position, requirements, and how to apply.

Placement Agency

An organization that assists individuals in finding employment or helps employers in finding suitable candidates to fill vacancies.

Attribution Theory

A psychological theory proposing how and why people come to understand the causes of their own and others' actions, emphasizing the role of thought processes.

Black Youth

A demographic group often studied within sociology and public health for its unique experiences related to race, socioeconomic status, and cultural identity within various societies, particularly within contexts of systemic inequality.