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Malcolm had been a professional hockey player with a great sense of his position in space. Even after retiring from professional hockey Malcom continued to play in seniors' hockey leagues. During one of those seniors games, John (a player on the opposite team) knocked Malcolm to the ice and Malcolm hit his head hard enough to acquire brain damage. After the accident, John developed an enormous amount of guilt, which prompted him to enrol in Introduction to Psychology to learn more about brain function and neuroscience.
-Malcolm relies on his ______ to help him balance on his skates.
Pareto Optimal
A state of allocation of resources from which it is impossible to reallocate to make any individual or preference criterion better off without making at least one individual or preference criterion worse off.
Potentially Efficient
A situation or system that has the capacity to achieve efficiency but has not yet achieved it.
Unequivocally Pareto Optimal
A situation where an allocation cannot be adjusted to make one individual better off without making someone else worse off, signifying an optimal allocation of resources.
Pareto Optimality
A situation where resources are distributed in such a way that it's not possible to improve the position of any individual or satisfy a preference more fully without adversely affecting at least one other individual or preference criterion.
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