The concept that describes the situation where the economy has used every available opportunity to make someone better off without making someone else worse off is
A)economic efficiency.
B)the benefits principle.
C)horizontal equity.
D)vertical equity.

Question

Quizplus · Accepted Answer

Economic efficiency is the concept that describes the situation where the economy has used every available opportunity to make someone better off without making someone else worse off. This means that resources are allocated in the most efficient way possible, maximizing the benefits to society.

The Concept That Describes the Situation Where the Economy Has