An efficient use of resources occurs when
A) there is a deadweight loss.
B) the total social benefit of a good equals its total social cost.
C) there is perfect price discrimination by a monopoly.
D) there is no producer surplus.
C
Economics
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The economic expansion that began in 1991
a. lasted approximately five years. b. lasted approximately twelve years. c. lasted approximately nine years. d. was the longest expansion in U.S. history. e. was the second longest expansion in U.S. history.
Economics
The main categories of taxes levied by the ______________ government are individual income taxes, corporate income taxes, and social insurance and retirement receipts.
a. federal b. state c. local d. city
Economics