If all of the opportunities to make someone better off (without making someone else worse off)have been exploited,an economy is:
A)equitable.
B)inefficient.
C)marginally optimal.
D)efficient.

Question

Quizplus · Accepted Answer

An economy that has exploited all opportunities to make someone better off without making someone else worse off is efficient, as resources are being allocated in the most optimized way possible. An inefficient economy would have unused resources or resources being allocated in a suboptimal way, while a marginally optimal economy would still have some potential to improve resource allocation. Equitable refers to a fair distribution of resources, but does not necessarily indicate efficiency.

If All of the Opportunities to Make Someone Better Off