Which of the Following Statements About Equilibrium Is True

question 75

Multiple Choice

Which of the following statements about equilibrium is true?

• A)The positive and the normative attributes of equilibrium are similar.
• B)The equilibrium price fails to redistribute goods in accordance to individual valuations.
• C)Equilibrium refers to a state of complete happiness or fairness.
• D)In equilibrium there are neither surpluses nor shortages.

---

Definitions:

Collaborating

Working jointly with others, especially in an intellectual endeavor, to achieve a common goal.

Cultural Profiles

Descriptions or analyses of the characteristic features of different cultures, often used to understand or predict behaviors and preferences.

Diversified Teams

Groups composed of members from various backgrounds, bringing different perspectives and strengths to the table.

Constructive Feedback

Feedback that is meant to be helpful and aimed at improving performance or behavior rather than merely criticizing.