Pareto Efficiency Occurs When an Economic Allocation of Goods

question 94

Multiple Choice

Pareto efficiency occurs when an economic allocation of goods:

• A) makes more winners than losers.
• B) equalizes the net gains to all individuals.
• C) cannot be changed without at least making one person worse off.
• D) enables the winners to compensate the losers for their losses.

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Definitions:

Scopes Trial

1925 trial of John Scopes, Tennessee teacher accused of violating state law prohibiting teaching of the theory of evolution; it became a nationally celebrated confrontation between religious fundamentalism and civil liberties.

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