menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Microeconomics Study Set 23
  4. Exam
    Exam 16: General Equilibrium and Economic Efficiency
  5. Question
    An Allocation in Which One Person Can Be Made Better
Solved

An Allocation in Which One Person Can Be Made Better

Question 52

Question 52

Multiple Choice

An allocation in which one person can be made better off only by making someone else worse off is:


A) inefficient.
B) efficient.
C) a partial equilibrium.
D) a general equilibrium.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q47: In a problem involving exchange, the contract

Q48: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3095/.jpg" alt=" Figure 16.5.1 -Refer

Q49: On the planet Economus, there are only

Q50: Assume that two individuals, A and B,

Q51: The following table summarizes the production relationships

Q53: Which of these statements is generally accepted

Q54: Suppose there is a water shortage, and

Q55: Residents in the city of Econoville enjoy

Q56: Scenario 16.3:<br>Sam and Sally are the only

Q57: If one of the agents in an

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines