Solved

If It Is Not Possible to Reallocate Inputs and Outputs

Question 23

Multiple Choice

If it is not possible to reallocate inputs and outputs in such a way that some will be better off while nobody will lose, this property is referred to by economists as:


A) Non-Pareto optimal.
B) Pareto optimal.
C) Efficient.
D) Inefficient.
E) None of the above.

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