In a Two- Person to Good World,if the Initial Endowment

question 57

Multiple Choice

In a two- person to good world,if the initial endowment is such both persons have the same MRS then

• A)there may or may not be a trade possible
• B)there is another allocation which makes everyone better off
• C)the initial endowment is Pareto optimal
• D)there is some price at which a Pareto improving trade exists

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Definitions:

Social Movements

Collective efforts by people to achieve social change, often aimed at addressing inequalities, injustices, or promoting a particular cause.

Disenchanted

A feeling of disillusionment or loss of belief in something that was once considered valuable or important.

Class Background

A term referring to the socioeconomic environment and conditions in which an individual is raised, which can influence their beliefs, behaviors, and opportunities.

Racist Attitudes

Prejudiced beliefs or discriminatory behaviors based on racial or ethnic differences.