When ________ in a market, the total net benefit to society is ...

[jCorn1234]

When ________ in a market, the total net benefit to society is maximized.
 
  A) deadweight loss is maximized B) consumer surplus is minimized
  C) producer surplus is minimized D) a competitive equilibrium is achieved

Question 2

Individuals who have never been the best at doing anything
 
  A) cannot have a comparative advantage in producing any product.
  B) perform all tasks at a higher opportunity cost than others.
  C) can still have a comparative advantage in producing some product.
  D) must have an absolute advantage in at least ones task.

[olderstudent]

Answer to Question 1

D

Answer to Question 2

C