When Economists Say an Activity Is Consistent with Economic Efficiency

question 166

Multiple Choice

When economists say an activity is consistent with economic efficiency, they mean

• A) a majority of citizens favor the activity.
• B) the benefits that result from the activity exceed the costs.
• C) the number of people who gain from the activity exceeds the number on whom costs are imposed.
• D) the costs that result from the activity exceed the benefits.

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Definitions:

Extended Families

Family units that include not only parents and their children but also other relatives such as grandparents, aunts, uncles, and cousins living close by or within the same household.

Matrilineal

A system of lineage or familial descent traced through the mother's line.

"In-law"

A relative by marriage, typically referring to the spouse's parents, siblings, or their spouses.

Reserved and Quiet

Characteristics of individuals who are naturally inclined to be introspective, preferring to listen rather than speak, and often cautious in social situations.