If All of the Opportunities to Make Someone Better Off

question 182

Multiple Choice

If all of the opportunities to make someone better off (without making someone else worse off) have been exploited,an economy is:

• A)equitable.
• B)inefficient.
• C)marginally optimal.
• D)efficient.

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Definitions:

Repaid

Repaid pertains to the act of paying back money that was borrowed from an individual or institution.

Compound-Interest CSB

An interest calculation method, possibly referring to Canada Savings Bonds, where earned interest is added to the principal, and future interest calculations are based on the new total.

Redeemed

The act of repaying or buying back a security or loan, often before it matures.

Guaranteed Minimum

The lowest amount assured by a contract, regardless of external conditions or outcomes.