A Policy by Which Some Parties Gain and Others Lose,but

question 22

Multiple Choice

A policy by which some parties gain and others lose,but for which the gainers fully compensate the losers is

• A) Pareto improving.
• B) equitable but inefficient.
• C) easily implemented in most circumstances.
• D) both inefficient and inequitable.

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Definitions:

Document

A written, printed, or electronic record that provides evidence of a transaction or commitment.

Check

A written, dated, and signed instrument that contains an unconditional order directing a bank to pay a definite sum of money to a payee.

Internal Document

Documents used within an organization, such as memos, reports, and internal manuals, that are not shared with external parties.

Cash Payments

Monetary transactions made by an entity to settle obligations or purchase goods and services.