We Can Say That the Allocation of Resources Is Efficient

question 27

Multiple Choice

We can say that the allocation of resources is efficient if:

• A) producer surplus is maximised
• B) consumer surplus is maximised
• C) total surplus is maximised
• D) total surplus is minimised

---

Definitions:

Distributed

In logic, refers to a term in a categorical proposition that is affirmed or denied of every member of the class it denotes.

Enthymeme

A rhetorical version of a syllogism missing one of the premises or the conclusion, but implied by the argument.

Validly Completed

Refers to a logical argument that is structured correctly and follows the principles of logic, thus leading to a true conclusion if the premises are true.

Distributed

In logic, refers to a term in a categorical proposition that is used to assert something about every member of the category it represents.