Use the Following Figure to Answer the Question : Figure

question 70

Multiple Choice

Use the following figure to answer the question : Figure 19-1 :
,the curve TT shows how the allocation of a resource affects the well-being of two individuals,Hank and Monica.
-In Figure 19-1,a move from C to D would:

• A)be desirable because it produces a more equal distribution of resources.
• B)be more desirable than a movement from C to B.
• C)be desirable because a movement from an inefficient allocation of resources to an efficient allocation of resources is always preferred.
• D)represent a movement from an inefficient allocation to an efficient allocation of resources.

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Definitions:

Restatement (Second)

A collection of textbooks that seek to inform judges and lawyers about general principles of common law in the United States.

Warranty

An undertaking relating to characteristics of a thing being sold; a guaranty.

Caveat Venditor

A principle meaning "let the seller beware", placing the burden on sellers to disclose defects and ensure the product meets certain standards.

Caveat Emptor

“Let the buyer beware.”