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:

Sexual Instinct

Sexual Instinct is the innate or biological drive related to sexual activity and reproduction.

Fixated

Refers to an obsessive interest or focus on a specific subject or idea.

Pessimistic

Having a tendency to see the worst aspect of things or believe that the worst will happen.

Oral Stage

In Freudian psychoanalysis, an early life stage focusing on the pleasures and frustrations associated with the mouth, sucking, and being fed.