Economic efficiency requires that Pareto improvements still be possible.
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Q6: An efficient economy
A)is a fair economy
B)can only
Q7: Economic efficiency is achieved
A)automatically in a capitalist
Q8: Instead of throwing away a worn-out pair
Q9: A Pareto improvement is
A)an action in which
Q10: When individuals trade in open markets,
A)Pareto improvements
Q12: Economic efficiency is achieved
A)when all resources are
Q13: Economic efficiency requires all Pareto improvements to
Q14: A Pareto improvement is any action that
Q15: If Bill Gates voluntarily gives some of
Q16: A government program would impose a 25-cent
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