When Economists Say an Activity Is Consistent with Economic Efficiency

question 166

Multiple Choice

When economists say an activity is consistent with 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.

Comprehend the role and structure of topic sentences within a paragraph in business communication.

Understand the impact of device format on the organization and presentation of business messages.

Apply principles of paragraph development in business writing contexts.

Learn to incorporate transitions effectively to enhance coherence and readability in business documents.

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Definitions:

Special Damages

Compensation awarded for specific, quantifiable financial losses incurred due to an injury or breach of contract.

Remedy Limitation

A legal principle specifying the conditions or time frames within which a remedy, such as filing a lawsuit or making a claim, must be initiated.

Prima Facie Unconscionable

A legal term indicating that an agreement or term appears, at first sight, to be excessively unfair or unjust.

Common Law

A body of law developed through court decisions over time, as opposed to laws enacted by legislatures (statutory law).