Author Question: Intermediate goods and services are one of the largest components of the expenditure approach to ... (Read 124 times)

jlmhmf · **on:** Jun 29, 2018

Intermediate goods and services are one of the largest components of the expenditure approach to measuring GDP.

Indicate whether the statement is true or false

Question 2

If resources are used efficiently, then ________.

A) marginal social cost is minimized
B) consumer surplus plus producer surplus is maximized
C) consumer surplus equals producer surplus
D) producer surplus is maximized