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Vignette #2 Sue and her friends are having lunch in the school cafeteria. Sue is drinking bottled water, Joe is drinking Gatorade, Ben has a soft drink, Marsha is sipping iced tea, and Tom is drinking vitamin-enhanced water. Tom thinks he is drinking the best beverage of all because it has vitamins, minerals, amino acids, and some herbs in it. Marsha is counting on the caffeine to keep her alert during her English class and Sue thinks she made the best choice. Ben really doesn't think much about what he drinks at all. Let's answer these questions and learn more about these beverages. The effects of tea include all of the following except :
Pareto Efficiency
An economic state where resources are allocated in a way that it is impossible to make one individual better off without making another individual worse off.
Simultaneous Equilibrium
A situation in which multiple markets or economic variables reach equilibrium at the same time, with interdependencies considered.
Technological Change
The improvement or innovation in technology that increases productivity and may lead to new products or ways of doing things.
Solar Panels
Photovoltaic (PV) devices or arrays that convert sunlight directly into electricity.
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