Economic Efficiency Is Achieved

question 44

Multiple Choice

Economic efficiency is achieved

• A)automatically in a capitalist economy
• B)when every possible Pareto improvement is exploited
• C)when all markets are monopolized
• D)if income is fairly distributed
• E)whenever a voluntary transaction takes place

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Definitions:

Vegetarian

A dietary practice of abstaining from the consumption of meat and sometimes, by extension, other animal products.

Regression Discontinuity

Regression discontinuity identifies the causal effects of a policy or factor by looking at two samples that lie on either side of a threshold or cutoff.

Causal Effects

Causal effects refer to the change in an outcome directly attributable to a change in a factor or intervention, established through methods that isolate this relation from other variables.

Threshold

The point at which a particular effect or change occurs, often used in context of quantities or levels.