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Criteria of Ideal Economic Efficiency Requires That (I) All Actions

Question 49

Multiple Choice

Criteria of ideal economic efficiency requires that (I) all actions generating more social benefit than cost be undertaken and (II) no actions generating more social cost than social benefit be undertaken.


A) Both I and II are true.
B) Both I and II are false.
C) I is true; II is false.
D) II is true; I is false.

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