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:

Trait Theories

Approaches in psychology that aim to describe personality through the identification and measurement of stable characteristics that vary between individuals.

Personality

An individual's unique and relatively consistent patterns of thinking, feeling, and behaving.

Cognitive Social-Learning Theories

Theories that emphasize the role of cognitive processes in learning from the social environment, including the effects of beliefs, self-perceptions, and expectations on behavior.

Personality

The mix of features or qualities that establish an individual's distinct identity.