Economists Define an Efficient Use of Resources as a Situation

question 138

Multiple Choice

Economists define an efficient use of resources as a situation in which:

• A)one person can be made better off but only by making another person worse off.
• B)all persons can be made better off without making anyone worse off.
• C)all persons receive an equal share of the resources.
• D)all persons are made worse off when one person is made better off.

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Definitions:

Comply

To act according to a wish, command, or demand, following rules or instructions.

Public Compliance

The act of outwardly agreeing with a group while internally disagreeing, often to fit in or avoid conflict.

Social Influence

The process by which individuals change their thoughts, feelings, or behaviors as a result of interaction with others, including conformity, compliance, and obedience.

Group Norms

Shared standards or expectations that guide the behavior of members within a group.