A Pareto Optimum

question 24

Multiple Choice

A Pareto optimum

• A) can be found in a closed and open economy.
• B) is found where the budget line is tangent to the indifference curve.
• C) is the same as a competitive equilibrium.
• D) is where the consumption line is tangent to the PPF.
• E) is the slope of the PPF.

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Definitions:

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Preliminary Registration Statement

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Rate of Return

The percentage gain or loss on an investment over a specified period, expressing the compound annual growth rate.