If Resources Are Allocated Efficiently

question 50

Multiple Choice

If resources are allocated efficiently,

• A)consumer surplus exceeds producer surplus.
• B)producer surplus exceeds consumer surplus.
• C)the sum of consumer surplus and producer surplus is maximized.
• D)marginal social benefit is maximized.
• E)marginal social cost is minimized.

---

Definitions:

Social Control Theory

A sociological theory suggesting that people's relationships, commitments, values, norms, and beliefs encourage them not to break the law.

Social Constructionism

A theory in sociology and philosophy which suggests that many aspects of the world, including knowledge, are not inherent in reality but are constructed by society.

Differential Association

A theory in sociology that proposes individuals learn criminal behavior through their associations with others who engage in crime.

Consensus Crimes

Criminal acts that are universally condemned by society and considered inherently wrong, such as murder and rape.