A Change in Economic Output Is Potentially Efficient

question 43

Multiple Choice

A change in economic output is potentially efficient

• A) if the value of the resulting gains exceeds the value of the resulting losses.
• B) if the value of the resulting gains exactly equals the value of the resulting losses.
• C) only if no one is made worse off.
• D) if the value of the resulting gains is less than the value of the resulting losses.

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Definitions:

Ruffini End Organ

Sensory receptors located in the skin and tendons that detect skin stretch and joint activity, contributing to the sense of proprioception.

Merkel Disks

Slow-adapting tactile receptors in the skin that respond to light touch and pressure.

Cerebral Cortex

The outer layer of the brain's cerebrum, involved in many complex brain functions including memory, attention, perception, cognition, awareness, thought, language, and consciousness.

Broca Area

An area located within the dominant hemisphere's frontal lobe (typically the left side) of the brain, responsible for controlling speech generation.