Total surplus can be increased by:
A) policies that help people do business more efficiently.
B) technologies that help people share more and better information.
C) increasing the availability of accurate information.
D) All of these can increase total surplus.

Question

Quizplus · Accepted Answer

All of these options can increase total surplus. Policies that help people do business more efficiently can lead to cost savings and increased productivity, which can increase surplus. Technologies that help people share more and better information can also increase efficiency and reduce costs, leading to increased surplus. Increasing the availability of accurate information can reduce uncertainty and increase transparency, which can lead to better decision-making and consequently increase surplus. Therefore, all three options can contribute to increasing total surplus.

Total Surplus Can Be Increased By