When a Fixed Stock of Inputs Cannot Be Reallocated Among

question 59

Multiple Choice

When a fixed stock of inputs cannot be reallocated among firms in an economy without reducing the output of at least one of the goods that is produced in the economy, the allocation satisfies:

• A)exchange efficiency.
• B)input efficiency.
• C)substitution efficiency.
• D)Walras' Law.

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Definitions:

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