________ Relates to the Distribution of Resources Across Society

question 11

Multiple Choice

________ relates to the distribution of resources across society.

• A) Social surplus
• B) Equity
• C) Efficiency
• D) Utility

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Definitions:

Open-Market Purchase

The buying of government securities by the central bank from the market to increase the money supply and decrease the interest rate.

Store Of Value

An asset that can be saved, retrieved, and exchanged in the future without significantly losing value.

Currency

The system of money in common use in a country, which facilitates the exchange of goods and services.

Liquid Asset

An asset that can easily be converted into cash in a short period without losing value.