A Pareto Optimal Allocation of Resources Implies That

question 23

Multiple Choice

A Pareto optimal allocation of resources implies that:

• A)only one person can be made better off through trade.
• B)no person can be made better off through trade.
• C)no person can be made better off through trade,without harming another person.
• D)through any feasible change in resource allocation,it is possible to make someone better off without leaving someone else worse off.

---

Definitions:

Tariffs

Taxes imposed on imported goods, often used by governments to control trade flows, protect domestic industries, or generate revenue.

Quotas

Fixed limits or targets, often in a business or policy context, dictating the amount of goods or activities allowed.

Internet Use

The variety of activities and tasks carried out by individuals or organizations through the World Wide Web, including communication, research, entertainment, and business transactions.

Tariffs

Taxes imposed by a government on imported and, less commonly, exported goods.