Multiple Choice
A competitive equilibrium is Pareto optimal if there is no way to rearrange or to reallocate goods so that
A) anyone can be made better off.
B) no one can be made worse off.
C) someone can be made better off without making someone else worse off.
D) someone can be made better off without making everyone else worse off.
Correct Answer:
Verified
Correct Answer:
Verified
Q4: An increase in government spending<br>A) increases consumption
Q5: In a general equilibrium model<br>A) all markets
Q6: An increase in total factor productivity<br>A) increases
Q7: The Laffer curve is a curve showing<br>A)
Q8: A one-unit increase in government expenditures should,according
Q10: A competitive equilibrium has all of the
Q11: Which feature of the business cycle does
Q12: Fiscal policy refers to a government's choices
Q13: In the model of public goods<br>A) government
Q14: The production possibilities frontier represents<br>A) all combinations