If Resources Are Allocated Efficiently in a Market Economy

question 45

Multiple Choice

If resources are allocated efficiently in a market economy:

• A) the way final goods and services are distributed does not matter to society.
• B) the outcome may not be socially desirable if distributional issues are also important.
• C) the outcome will always be socially desirable.
• D) each person's utility is maximized, and so the result is Pareto optimal.

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Definitions:

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A term referring to individuals in the United States with partial or total ancestry from any of the Black racial groups of Africa.