When a Cash Surplus Exists on Your Income and Expenditure

question 88

Multiple Choice

When a cash surplus exists on your income and expenditure statements,you can

• A) acquire assets.
• B) pay off existing debts.
• C) increase your savings.
• D) increase your investments.
• E) do any of the above.

Understand the concept and significance of externalities in economics.

Comprehend how deadweight loss occurs and its implications for economic efficiency.

Identify the conditions for allocative efficiency in competitive markets.

Analyze the impact of external benefits and costs on market outcomes.