An economy has achieved _____ if it _____ pass up any opportunities to make some people better off without making others worse off.
A) efficiency;does not
B) equity;does
C) efficiency;does
D) equity;does not
Correct Answer:
Verified
Q129: Everyone benefits from street lighting,yet the marginal
Q130: The incentives built into the market economy
Q131: Which principle underlies the interaction of individual
Q132: Equity means that:
A)everyone gets an efficient share
Q133: Resources are being used efficiently when:
A)scarcity is
Q135: The trade-off between equity and efficiency occurs
Q136: Economists believe that resources should be used
Q137: An increase in efficiency means that an
Q138: Which statement is FALSE?
A)Efficiency exists when an
Q139: If an economy has NOT achieved efficiency,there
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