When individuals trade in open markets,
A) Pareto improvements occur
B) Pareto improvements cannot occur
C) the markets are economically efficient
D) the markets are Pareto efficient
E) there are barriers to trade
Correct Answer:
Verified
Q5: Taking money from a wealthy individual in
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
Q11: Economic efficiency requires that Pareto improvements still
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
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