Exchange Efficiency Means

question 57

Multiple Choice

Exchange efficiency means:

• A)that we can reallocate a fixed basket of consumption goods among consumers in a way that makes all consumers better off.
• B)that we cannot reallocate a fixed stock of inputs among firms so that we can simultaneously expand the output of all goods produced in an economy.
• C)that we cannot reallocate a fixed basket of consumption goods among consumers in a way that makes all consumers better off.
• D)that we can reallocate a fixed stock of inputs among firms so that we can simultaneously expand the output of all goods produced in an economy.