After the housing bubble burst, consumer confidence plummeted and housing sales dropped to all-time lows. This caused the demand curve for normal goods to shift

The unemployment rate of today is significantly lower than that rate one hundred years ago

Indicate whether the statement is true or false

If a change is a Pareto improvement, then

A) we also achieve Pareto efficiency. B) consumer surplus is maximized. C) it also passes the cost-benefit test. D) the distributional effect is likely to be regressive.