Flashcard sets with a 'the efficiency principle' term meaning 'economic efficiency occurs when total economic surplus is maximized. efficiency is an important social goal because, when the economic pie grows larger, everyone can potentially have a larger slice'

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1-1 of 1Flashcard sets with a 'the efficiency principle' term meaning 'economic efficiency occurs when total economic surplus is maximized. efficiency is an important social goal because, when the economic pie grows larger, everyone can potentially have a larger slice'
# Title Terms Date
1Econ-Chapter 3by ccmichmich21 termsDecember 9, 2007
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