Total Surplus Can Be Increased By

question 80

Multiple Choice

Total surplus can be increased by:

• A) policies that help people do business more efficiently.
• B) technologies that help people share more and better information.
• C) increasing the availability of accurate information.
• D) All of these can increase total surplus.

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Definitions:

Five-Factor Model

A comprehensive model that outlines five broad dimensions of personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Neuroticism

A personality trait associated with negative emotions such as anxiety, fear, moodiness, worry, envy, frustration, jealousy, and loneliness.

Emotionally Stable

Pertains to individuals who have a consistent control over their emotions and can handle stress or challenging situations without extreme reactions.

Openness

This is a personality trait that involves appreciation for new experiences, curiosity, and openness to different ideas, cultures, and feelings.