Deadweight Loss

question 115

Multiple Choice

Deadweight loss:

• A) occurs in markets that are efficient.
• B) occurs when markets are in equilibrium.
• C) is the loss in surplus from a market not in equilibrium.
• D) is additional surplus from an additional market transaction.

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Definitions:

Thyroid Gland

A butterfly-shaped gland located in the neck that produces hormones regulating metabolism, energy generation, and body temperature.

Vasoconstriction

The narrowing of the blood vessels resulting from contraction of the muscular wall of the vessels, which increases blood pressure.

Cardiovascular

Pertaining to the heart and blood vessels, relating to the system that circulates blood throughout the body.

Nervous System

An extensive network of neurons and supporting tissues that processes information in the body through electrical and chemical signals.