If All Opportunities for Pareto Improvements Have Been Exhausted

question 19

Multiple Choice

If all opportunities for Pareto improvements have been exhausted,

• A)economic efficiency has been achieved
• B)the allocation of goods and services is fair
• C)perfect competition has been achieved
• D)the economy is in disequilibrium
• E)economic inefficiency has been achieved

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Definitions:

Episodic Memory

Autobiographical memory for events pegged to specific place and time contexts.

Implicit Memory

A type of memory in which previous experiences aid in the performance of a task without conscious awareness of these previous experiences.

Declarative Memory

The type of long-term memory that allows individuals to consciously recall facts and events.

Positron Emission Tomography

An imaging test that uses a radioactive substance to help visualize and measure metabolic processes in the body.