Economists evaluate an allocation of resources as _____ if no alternative allocation could make some people better off without making other people worse off.

Question

Quizplus · Accepted Answer

This concept is known as Pareto efficiency or Pareto optimality. It occurs when resources are allocated in a way that it is impossible to reallocate them to make any one individual better off without making at least one individual worse off.

Economists Evaluate an Allocation of Resources as _____ If No