Asked by
Julissa Cabral
on Oct 27, 2024
Verified
An economy has achieved _____ if it _____ pass up any opportunities to make some people better off without making others worse off.
A) efficiency;does not
B) equity;does
C) efficiency;does
D) equity;does not
Efficiency
The optimal use of resources to achieve the best possible outcome.
Opportunities
Options or possibilities for individuals or firms to engage in beneficial activities or investments.
- Gain insight into the concept of efficiency in economic settings and its specification.
Verified Answer
DM
Learning Objectives
- Gain insight into the concept of efficiency in economic settings and its specification.