An Existing Allocation of Goods Is Said to Be Pareto

question 37

Multiple Choice

An existing allocation of goods is said to be Pareto efficient:

• A)if the distribution is equitable.
• B)as long as any redistribution is a positive-sum game.
• C)as long as any redistribution makes at least one person better off and no one else is worse off.
• D)if any redistribution cannot make someone better without leaving someone else worse off.

---

Definitions:

Grow Professionally

The process of developing one's skills, knowledge, and competencies in a professional career.

Empathize

The ability to understand and share the feelings of another, putting oneself in their position.

Interpret Feelings

The process of understanding and making sense of one's own or others' emotions.

True Meaning

The essential or most important understanding or interpretation of a concept, statement, or piece of communication.