Multiple Choice
An efficient distribution of a certain quantity of goods between two parties is one in which:
A) neither party can be made better off by changing the allocation of the goods.
B) one party can be made better off at the expense of the other by changing the allocation of the goods.
C) both parties evenly divide the total quantities of the goods.
D) neither party can be made worse off if the allocation of the goods is altered.
Correct Answer:

Verified
Correct Answer:
Verified
Q22: When the marginal rates of substitution differs
Q23: A Pareto optimal allocation of resources implies
Q24: Figure 19-3 illustrates the determination of an
Q25: In a competitive equilibrium,each producer produces at
Q26: Suppose an economy produces two goods,corn and
Q28: Every point _ corresponds to a point
Q29: According to Hayek,can there ever be an
Q30: Figure 19-3 illustrates the determination of an
Q31: Which of the following is true of
Q32: Assume that the price of steel rises