Multiple Choice
When a market or a policy achieves a ""Pareto-Optimum"", then
A) it is still possible to make one additional person better off, without making others worse-off.
B) the economy's Real GDP is equally divided among all decision-makers.
C) it is no longer possible to make one additional person better-off without making another person worse-off.
D) it is possible to make all decision makers in the economy better-off with a new policy choice.
E) none of theabove.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Consider electricity and natural gas as alternative
Q3: Suppose a market experiences an "Increase in
Q4: A Pareto-Better choice occurs when at least
Q5: The reaction to a price change along
Q6: Which of the following statements best describe
Q7: Which of the following is the best
Q8: Economists assume that rationality is a typical
Q9: As defined in the model of supply
Q10: In economics, a resource is identified as
Q11: Assume that suppliers of soybeans experience a