A competitive equilibrium is Pareto optimal if there is no way to rearrange or to reallocate goods so that
A) anyone can be made better off.
B) no one can be made worse off.
C) someone can be made better off without making someone else worse off.
D) someone can be made better off without making everyone else worse off.
E) everyone id made better off.
Correct Answer:
Verified
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A) overproduction.
B) a
Q30: The concept of Pareto optimality is a
A)
Q31: A Pareto optimum
A) can be found in
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Q33: A Pareto optimum is a point that
A)
Q35: A competitive equilibrium may fail to be
Q36: Much of the writings of Adam Smith
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Q38: The marginal rate of transformation is equal
Q39: An increase in government spending
A) increases consumption,
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