Which of the following statements expresses the justification for making the maximization of total economic surplus the first goal of economic interaction?
A) It gives the poor an incentive to improve their economic status.
B) Since consensus on what is a fair distribution of goods is impossible,it is the next best goal.
C) People are not really concerned about the problems of the poor.
D) It is too difficult to pursue more than one goal at a time.
E) It allows other goals to be more fully achieved.

Question

Quizplus · Accepted Answer

Maximizing total economic surplus allows for efficiency in economic transactions and the potential for more resources to be available to achieve other goals, such as redistributing wealth or addressing concerns for the poor. It does not necessarily prioritize one group over another, but rather seeks to create the greatest benefit to society as a whole.

Which of the Following Statements Expresses the Justification for Making