An __________ is one in which is it not possible, through any change in the distribution of Good X or Good Y, to benefit one person without making some other person worse off.
Fill in the blank(s) with the appropriate word(s).
Ans: efficient distribution of fixed total quantities of goods
Economics
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There is no limit for domestic central bank intervention
Indicate whether the statement is true or false
Economics
Suppose the price elasticity of demand for tacos is 0.80. If the price of tacos increases by 10 percent, then the quantity demanded of tacos should, ceteris paribus:
a) Decrease by 8 percent. b) Decrease by 1.25 percent. c) Increase by 8 percent. d) Increase by 1.25 percent.
Economics