Examlex

Solved

An Economy Is Said to Be Efficient If It Is

question 107

Multiple Choice

An economy is said to be efficient if it is:


Definitions:

English Rule

A legal principle where the losing party in litigation is required to pay the legal costs of the winning party.

Obligor

A party that is bound by a legal obligation to another, known as the obligee.

Consent

Consent is the voluntary agreement to or approval of a proposal or action, typically after having knowledge of relevant facts and implications.

Lessee

A person or entity who leases or rents property from another called the lessor.

Related Questions