An Allocation of Resources Is Pareto Efficient If It Is

question 1

Multiple Choice

An allocation of resources is Pareto efficient if it is:

• A) possible to make at least one consumer better off without making someone else worse off.
• B) possible to make all consumers better off.
• C) impossible to make any consumer better off without making someone else worse off.
• D) impossible to make any consumer better off without making everyone worse off.

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Definitions:

Circuit

A closed path through which an electrical current travels or a system of interconnected electronic components.

Neuromodulator

A substance released by neurons that adjusts the activity of other neurons or synapses, modulating the overall behavior of the brain and body.

Neurotransmitters

Chemical substances produced by neurons that transmit signals across a chemical synapse from one neuron to another target neuron, muscle cell, or gland cell.

Presynaptic Facilitation

An increase in the neurotransmitter release from a presynaptic neuron, enhancing the response of the postsynaptic neuron.