An allocation of resources is Pareto efficient if it is:

A. possible to make at least one consumer better off without making someone else worse off.

B. possible to make all consumers better off.

C. impossible to make any consumer better off without making someone else worse off.

D. impossible to make any consumer better off without making everyone worse off.

C. impossible to make any consumer better off without making someone else worse off.

Economics

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A ray through the origin always has a slope of one

a. True b. False Indicate whether the statement is true or false

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For which of the following goods are services are prices least sticky?

A. Taxi fares. B. Haircuts. C. Microwave ovens. D. Airline tickets.

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