According to the Second Fundamental Theorem of Welfare Economics

question 20

Multiple Choice

According to the Second Fundamental Theorem of Welfare Economics,

• A)society can attain any Pareto efficient allocation of resources.
• B)production must be twice as large as consumption.
• C)equity cannot be achieved without inhibiting efficiency.
• D)not all points along the utility possibilities curve are attainable.

---

Definitions:

Older People

Persons of advanced age, often considered to be those who have lived beyond the average lifespan of human beings, and who experience unique social, economic, and health-related challenges.

Ethnic Group

A community or population made up of people who share a common cultural background or descent.

Own Group

The social group to which a person identifies or belongs, often influencing one's beliefs, behavior, and perceptions of others.

Rehabilitation Act

A federal law enacted in 1973 designed to protect individuals with disabilities from discrimination and ensure their rights in programs receiving federal financial assistance.