An Existing Allocation of Goods Is Said to Be Pareto

question 37

Multiple Choice

An existing allocation of goods is said to be Pareto efficient:

• A)if the distribution is equitable.
• B)as long as any redistribution is a positive-sum game.
• C)as long as any redistribution makes at least one person better off and no one else is worse off.
• D)if any redistribution cannot make someone better without leaving someone else worse off.

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Definitions:

Management Theorist

An expert or scholar who develops concepts and principles regarding how to organize, plan, direct, and control resources and activities within organizations.

Middle Management

A level of management in an organization that acts as an intermediary between executive management and operational staff, responsible for implementing organizational policies and strategies.

Systematic Program

A planned set of activities or procedures designed to achieve specific goals or outcomes, often structured and organized in a methodical way.

Employee Development

Organizational efforts aimed at helping employees acquire or enhance skills, competencies, and knowledge necessary for their professional growth and job performance.