Which of the Following Statements Is (Are) True

question 149

Multiple Choice

Which of the following statements is (are) true?

• A) An efficient allocation of resources maximizes the net benefit of each activity.
• B) An efficient allocation of resources implies that the distribution of income is equitable.
• C) Judgments about equity are positive judgments.
• D) A and B are true.

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Definitions:

Leak

The unauthorized release of confidential information or the escape of a liquid or gas through a hole or crack.

Landlord

A person or entity that owns property and rents it out to individuals or businesses, often under a lease agreement.

Implied Warranty

A guarantee inferred by law that a product or service is fit for the purposes for which it was sold, even if not explicitly stated.

Habitability Requirement

Legal stipulations ensuring that rental properties meet basic living and safety standards, protecting tenants from unsafe or unsanitary living conditions.