The Term Pareto Efficient Means That There Is No Alternative

question 67

Multiple Choice

The term Pareto efficient means that there is no alternative, feasible allocation of goods and inputs:

• A)that would make all consumers better off without hurting some consumers.
• B)that would make any consumers better off without helping some consumers more than others.
• C)that would make any consumers better off without hurting some consumers.
• D)that would make any consumers worse off without helping some consumers.

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Definitions:

Job Analyst

A professional who studies job requirements and duties to define the skills needed and to inform job descriptions and classifications.

Critical Incidents

Specific events or situations that significantly impact an individual or organization, requiring an immediate and effective response to mitigate negative effects.

Appraisal Instruments

Tools or methods used to evaluate an employee's performance, skills, and productivity, typically for the purpose of making decisions about promotions, pay raises, and development.

Standardized Job-Analysis

A methodical process for determining the tasks, skills, knowledge, and abilities required for a job using consistent procedures.