Consumer Surplus Is a Good Measure of Economic Welfare If

question 82

Multiple Choice

Consumer surplus is a good measure of economic welfare if policymakers want to

• A)maximize total benefit.
• B)minimize deadweight loss.
• C)respect the preferences of sellers.
• D)respect the preferences of buyers.

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Definitions:

Salt

A mineral composed primarily of sodium chloride (NaCl), used as a seasoning and preservative in foods.

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A process in which amniotic fluid is withdrawn by needle from the uterus and then examined for evidence of possible birth defects.

Ultrasound Scan

A medical imaging technique using high-frequency sound waves to visualize internal organs or a fetus in the womb.

Chorionic Villus Sampling

A prenatal test in which a sample of chorionic villi from the placenta is collected to test for fetal abnormalities.