Sapling Learning macmillan learning Place the statements in the appropriate cate

ID: 1224117 • Letter: S

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Sapling Learning macmillan learning Place the statements in the appropriate category as they refer to "deadweight loss." False True A deadweight loss means consumers A deadweight loss means there are not making rational decisions s a misallocation of resources. A deadweight loss means that A deadweight loss means social producers are not maximizing profits welfare is not being maximized A deadweight loss occurs because the A deadweight loss means the economy is not on the optimal point economy is inside the production on the production possibilities frontier possibilities frontier

Explanation / Answer

A deadweight loss means consumers are not making rational decisions- True

a deadweight loss means that producers are not maximizing profits- False

A deadweight loss occurs because the economy is not on the optimal point on the production possibilities frontier- True

A deadweight loss meansthere is misallocation of resorrces- True

A deadweight loss means social welfre is not being maximized- False

A deadweight loss means the economy is inside the production possiblities frontier- False

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Sapling Learning macmillan learning Place the statements in the appropriate cate

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