Any Attempt to Capture a Consumer Surplus, a Producer Surplus

question 7

Multiple Choice

Any attempt to capture a consumer surplus, a producer surplus, or an economic profit is called

• A) efficiency gain.
• B) profit- maximising.
• C) rent seeking.
• D) price discrimination.

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Definitions:

Freudian Theory

A comprehensive theory of human psychology and behavior developed by Sigmund Freud that emphasizes the influence of the unconscious mind, childhood experiences, and psychosexual development.

Life Span

Refers to the maximum duration of life of a species or the length of an individual’s life.

Libido

A term used in psychoanalysis that refers to the sexual drive or desire.