If an Allocation of Resources Is Efficient,then

question 163

Multiple Choice

If an allocation of resources is efficient,then

• A)consumer surplus is maximized.
• B)producer surplus is maximized.
• C)all potential gains from trade among buyers are sellers are being realized.
• D)the allocation is necessarily equitable as well.

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Definitions:

Antipsychotic Medications

Drugs used to treat symptoms of psychosis such as delusions and hallucinations, often associated with schizophrenia and bipolar disorder.

Alcohol and Drug Problems

Refers to the range of physical, mental, and social issues arising from the abuse of substances like alcohol and drugs.

Homeless Population

Individuals and families who lack a fixed, regular, and adequate nighttime residence, including those living on the streets, in shelters, or in places not meant for human habitation.

Psychiatric Inpatient

A patient who is admitted to a hospital or clinic for treatment of mental health conditions, requiring intensive observation and care.