When Economists Say That an Activity Meets the Criterion for Economic

question 160

Multiple Choice

When economists say that an activity meets the criterion for 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:

Vivid Original Colors

The bright, original hues of artworks and objects that have often faded over time due to exposure to light and environmental conditions.

Cinquecento Italy

Referring to the 16th century in Italian history and culture, particularly noted for the flourishing of the Renaissance, including art, literature, and science.

Influential Building

A structure that has significant architectural, historical, or cultural impact on its era, surroundings, or subsequent designs.

Il Gesù

The mother church of the Society of Jesus (Jesuits) in Rome, completed in the 16th century, notable for its rich Baroque interior.