Exchange Efficiency Means

Multiple Choice

Exchange efficiency means:

A) that we can reallocate a fixed basket of consumption goods among consumers in a way that makes all consumers better off.
B) that we cannot reallocate a fixed stock of inputs among firms so that we can simultaneously expand the output of all goods produced in an economy.
C) that we cannot reallocate a fixed basket of consumption goods among consumers in a way that makes all consumers better off.
D) that we can reallocate a fixed stock of inputs among firms so that we can simultaneously expand the output of all goods produced in an economy.