Two Goods Are Allocated Efficiently Between Consumers When _____

question 50

Multiple Choice

Two goods are allocated efficiently between consumers when _____.

• A)the quantities of goods they consume are equal
• B)the marginal rates of substitution between the two goods are the same for both consumers
• C)there can be further exchanges that will make both consumers better off
• D)redistribution makes one consumer better off at the expense of the other

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Definitions:

Learning Disability

A neurological disorder that affects a person's ability to read, write, spell, or do math, despite having at least average intelligence.

Intellectual Disability

A disability characterized by significant limitations in both intellectual functioning and in adaptive behavior, which covers a range of everyday social and practical skills.

Education For All Handicapped Children Act

A public law passed in 1975 which required that all public schools that receive federal funds provide handicapped children and adults ages 3–21 with an education in the “least restrictive environment.”

Individuals With Disabilities Education Improvement Act

A U.S. law that ensures students with disabilities are provided with Free Appropriate Public Education that is tailored to their individual needs.