Consumer Surplus Is a Good Measure of Economic Welfare If

question 82

Multiple Choice

Consumer surplus is a good measure of economic welfare if policymakers want to

• A)maximize total benefit.
• B)minimize deadweight loss.
• C)respect the preferences of sellers.
• D)respect the preferences of buyers.

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Definitions:

Child-Care Centers

Facilities that provide care and supervision for children while their parents are at work or occupied, which may also offer educational and developmental activities.

Sweden

A country in Northern Europe known for its comprehensive welfare system, high standard of living, and historical contributions to science, literature, and music.

Infant-Teacher Ratio

The number of infants assigned to each caregiver or teacher in a daycare or educational setting.

Jerome Kagan

A prominent psychologist known for his work in child development, particularly in regard to temperament and the psychological implications of infant and child behavior.