Inefficient Allocation of Resources Occurs When

question 207

Multiple Choice

Inefficient allocation of resources occurs when

• A)no one can be made better off without having someone else give up something.
• B)it is possible to make some people better off without making others worse off.
• C)society is operating at a point high on the production possibilities frontier.
• D)society is operating at a point low on the production possibilities frontier.

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Definitions:

Bystander Effect

A social psychological phenomenon in which individuals are less likely to offer help to a victim when other people are present.

Social-Responsibility Norm

An expectation that people will help those needing their help.

Kitty Genovese

A woman whose 1964 murder in New York City became a symbol of urban apathy, leading to research on the "bystander effect."

Bystander Effect

A social psychological phenomenon where individuals are less likely to offer help to a victim when other people are present.