A Situation Is Efficient If It Is

question 143

Multiple Choice

A situation is efficient if it is:

• A)possible to find a transaction that will make at least one person better off, even if others are made worse off.
• B)possible to find a transaction that will make everyone better off.
• C)possible to find a transaction that will make at least one person better off without harming others.
• D)not possible to find a transaction that will make at least one person better off without harming others.

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Definitions:

Internal Locus

A psychological term referring to individuals who believe they have control over their own life events and outcomes, as opposed to external forces.

External Locus

A belief that one's life events are largely controlled by external forces or factors beyond one's personal control.

Psychoneuroimmunology (PNI)

The study of the relationships among psychology, the nervous and endocrine systems, and the immune system.

Confessional Behavior

A psychological phenomenon where individuals are compelled to admit or disclose their thoughts, feelings, or actions, often in a context that involves guilt or wrongdoing.