When Economists Say That an Activity Meets the Criterion for Economic

question 160

Multiple Choice

When economists say that an activity meets the criterion for economic efficiency, they mean

• A) a majority of citizens favor the activity.
• B) the benefits that result from the activity exceed the costs.
• C) the number of people who gain from the activity exceeds the number on whom costs are imposed.
• D) the costs that result from the activity exceed the benefits.

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Definitions:

System of Law

An organized set of legal principles, regulations, and procedures that govern the conduct of a community, region, or nation.

Gathering Evidence

The process of collecting information, data, or facts to support a hypothesis, theory, or legal case.

Examining Witnesses

The process of questioning witnesses in court by both defense and prosecution to establish the facts of the case.

Juvenile Justice System

A legal framework designed to handle minors who have been accused of committing a crime, focusing more on rehabilitation than punishment.