A ________ System Is One in Which All Possible Trades

question 12

Multiple Choice

A ________ system is one in which all possible trades that make some societal members better off without making others worse off have been exhausted.

• A) Pareto maximized
• B) Pareto optimal
• C) market
• D) general equilibrium

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Definitions:

Foreland Basin

A basin that forms when crust (either continental or oceanic) is warped by the weight of thrust sheets, especially when formed between a mountain belt and continental interior.

Passive Margin

A tectonically inactive edge of a continent, characterized by a transition from continental to oceanic lithosphere without significant seismic activity.

Normal-Fault Basin

A low area that has been downdropped by one or more normal faults.

Passive Margin

A coastline margin that is not associated with plate boundaries and therefore experiences little to no seismic or volcanic activity.