Which of the Following Is True of an Efficient Distribution

question 44

Multiple Choice

Which of the following is true of an efficient distribution of two goods among two individuals?

• A)The efficient distribution of goods is represented by a point off the contract curve.
• B)The individuals' marginal rates of substitution are not equal at an efficient distribution of goods.
• C)If the distribution of two goods is efficient,one person can be made better off without harming the other.
• D)The point of tangency between two indifference curves shows an efficient distribution of goods.

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Definitions:

Passenger Vessels

Ships or boats that carry people from one place to another, over bodies of water, offering services ranging from basic transport to luxury cruises.

Economic Power

the ability of a country, corporation, or individual to influence or control economic activities, outcomes, or policies through wealth, production, or other economic resources.

Petroleum

A natural liquid found beneath the Earth's surface that can be refined into fuel, lubricants, and various types of petrochemicals.

Coal

A combustible black or brownish-black sedimentary rock, often mined for use as a fuel source in electricity generation and various industrial processes.