What do economists mean when they say a situation is Pareto optimal?
A) It is fair and equitable.
B) Any change that helps someone will harm someone else.
C) There are no changes that can help anyone.
D) It is a situation produced by market processes.
Correct Answer:
Verified
Q23: Many economists, both liberal and conservative, were
Q24: One reason mainstream economists see the world
Q25: When Marxist economists look at labor markets,
Q26: In discussing government policy regarding foreign trade,
Q27: In prisoner-of-war camps during World War II,
Q29: Mainstream economists focus on:
A) how the invisible
Q30: Economists are trained to be as:
A) subjective
Q31: When public choice economists look at labor
Q32: Pareto optimal policies will improve life for:
A)
Q33: Public choice economists focus on:
A) how the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents