Which of the Following Statements Is True

question 64

Multiple Choice

Which of the following statements is true?

• A)Consumer surplus measures the total benefit from participating in a market.
• B)When a market is in equilibrium, consumer surplus equals producer surplus.
• C)Consumer surplus measures the net benefit from participating in a market.
• D)Producer surplus measures the total benefit received by producers from participating in a market.

---

Definitions:

Alienation

The feeling of being isolated and disconnected from one’s work, society, or sense of self.

Vertical Loading

A management concept involving the process of delegating more responsibilities and higher-level tasks to employees to increase their involvement and motivation.

Performance Accountability

Involves holding employees or organizations responsible for achieving performance objectives and standards.

Performance Feedback

The process of providing constructive information and evaluations to employees about their work performance.