1. Describe efficiency from the perspective of an economist.
Efficiency from the perspective of an economist is to me using up the money with the the max capacity for it meaning it is being well used with everything it needs to be used for. Efficiency also means being able to change prices and make the economy stay pretty even and consistent with money from year to year
2. Why are producer and consumer surpluses important in determining market equilibrium?
It is important because the prices are always set based on how much people are willing to pay and how much that producer can gain from it many times it is possible for places to sell the items cheaper and they end up getting surplus within customers. It is important to help regulate all of them and allowing the market to stay equilibrium
3. Should market efficiency always be the goal of policy setters? Why or why not? Is there a trade-off between efficiency and equality? If you don’t like efficiency what is your preferred alternative?
Policy setters should take everything into consideration and when strying to keeep they market going , they need to make sure that everything is going good within the market, there is a trade-off becauser I feel like you cant really havbe both they haver to just balance out and make sure youhave the best of both worlds.
Macroeconomics 