Which of the Following Conditions Is Not Necessary for the Attainment

question 3

Multiple Choice

Which of the following conditions is not necessary for the attainment of efficiency in general equilibrium?

• A)The economy's marginal rate of transformation must be equal to each consumer's marginal rate of substitution.
• B)Consumers must have identical incomes.
• C)Marginal rates of technical substitution must be equal for all firms.
• D)Marginal rates of substitution must be equal for all consumers.

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Definitions:

Morality of care

An ethical perspective emphasizing the importance of understanding relationships, empathy, and caring actions in ethical decision-making, contrasting with more justice-oriented approaches.

Carol Gilligan

An American feminist, ethicist, and psychologist known for her work on ethical relationships and moral development, particularly in the context of gender.

Conventional morality

A stage in moral development where individuals conform to societal norms and laws, often to uphold authority and maintain social order.

Kohlberg

A theorist known for his work on the development of moral reasoning in individuals, categorizing this development into stages.