An allocation is Pareto-efficient if no reallocation of resources would make some people _______ without making others ________?

Related Mcqs:

Assuming a downward sloping demand curve and upward sloping supply curve a higher equilibrium price may be caused by ?

A. An fall in demand B. An increase in supply C. improvements in production technology D. An increase in demand...

Where a tax can be shifted, the incidence depends on ?

A. Whether there is perfect or imperfect information B. elasticities of demand and supply C. how many producers there are: D. who is legally obliged to pay the tax...

Except for taxes to offset ______ taxes are ______?

A. imperfect competition popular B. externalities , distortionary C. inequality , a first best option D. poor health, unnecessary...

Economics say that there has to be some from of rationing whenever ?

A. inflation occurs B. there are externalities C. merit goods are produced D. there is excess demand...

Satellite television subscription and television detection devices are ways in which broadcasting companies address the ________ problem?

A. externality B. market imperfection C. deadweight burden D. free rider...