A change in economic output is ________ if the value of the resulting gains exceeds the value of the resulting losses.
A) potentially efficient
B) always efficient
C) always inefficient
D) irrelevant

Question

Quizplus · Accepted Answer

A change in economic output is considered potentially efficient if the value of the resulting gains exceeds the value of the resulting losses, as it suggests that the economy could be moving towards a more optimal allocation of resources. However, whether it is actually efficient depends on various factors, including how those gains and losses are distributed among the population.

A Change in Economic Output Is ________ If the Value