Which of the Following Is True? When There Are No

question 116

Multiple Choice

Which of the following is true? When there are no externalities, public goods, common resources, taxes or subsidies, then
I. allocative efficiency occurs when marginal benefit exceeds marginal cost by as much as possible.
Ii. a competitive equilibrium resource allocation is efficient.
Iii. fair rules require income transfers from the rich to the poor.

• A)Only ii
• B)Only i
• C)Only iii
• D)i and ii
• E)i and iii

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Definitions:

Consistently Feels Tired

Experiencing fatigue or a lack of energy on a regular or continual basis.

Narcolepsy

An enduring disorder of sleep, distinguished by extreme daytime lethargy and sudden occurrences of sleeping.

Extreme Sleepiness

An excessive level of tiredness that can significantly impair cognitive function and physical activity.

Sleep Apnea

A sleep disorder characterized by pauses in breathing or periods of shallow breathing during sleep, often resulting in disrupted sleep.