Match the Definition with the Corresponding Component of Aristotle's System

question 20

Multiple Choice

Match the definition with the corresponding component of Aristotle's system of causes.
-efficient cause

• A)the actions or interactions that bring the caused thing into being
• B)the idea or plan behind a caused thing
• C)the purpose for which the thing is caused
• D)the substance out of which something is made

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Definitions:

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers matches the quantity supplied by producers, resulting in market balance.

Producer Surplus

The difference between what producers are willing to accept for a good or service versus what they actually receive in the market.

Allocative Efficiency

A state of resource allocation where goods and services are distributed according to consumer preferences in a way that maximizes utility.

External Benefits

Advantages that result from a product or service's use that affect someone other than the direct consumer or producer, often justifying government intervention.