Which Tools Allow Economists to Determine If the Allocation of Resources

question 88

Multiple Choice

Which tools allow economists to determine if the allocation of resources determined by free markets is desirable?

• A)profits and costs to firms
• B)consumer and producer surplus
• C)the equilibrium price and quantity
• D)incomes of and prices paid by buyers

---

Definitions:

Growth Chart

Used to record infant and child growth and development up to 20 years of age.

Percentile

Any value in a series dividing the distribution of its members into 100 groups of equal frequency.

Pediatrics

The branch of medicine that involves the medical care of infants, children, and adolescents.

Early And Periodic Screening

A preventive health service typically for children and adolescents, aimed at early detection and treatment of health conditions.