An allocation in which one person can be made better off only by making someone else worse off is

A) inefficient.
B) efficient.
C) a partial equilibrium.
D) a general equilibrium.

B

Economics

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Which of the following are mentioned as forces of the new growth theory that influence economic growth?

I. Technology II. Research III. Innovations A) II and III only B) I only C) I, II, and III D) I and II only E) I and III only

Economics

The federal income tax is consistent with the __________ principle of taxation, whereas an excise tax on sporting event tickets is consistent with the ___________ principle of taxation

A. benefits-received; ability-to-pay. B. benefits-received; pay-as-you-go. C. ability-to-pay; benefits-received. D. ability-to-pay; pay-as-you-go.

Economics