If an economy has NOT achieved efficiency,there must be ways to:

A) increase opportunity costs.
B) eliminate inequity.
C) make some people better off without making others worse off.
D) increase the incentives for its citizens to follow their own self-interest.

Question

Hannah Bersamina · Accepted Answer

Final Answer : C, Explanation :  If an economy has not achieved efficiency, it means that there are opportunities to make some people better off without making others worse off. This can be done by finding ways to allocate resources more efficiently and reducing waste, which can lead to a better allocation of goods and services. This can benefit both consumers and producers without causing any harm to others. Increasing opportunity costs, eliminating inequity, or increasing incentives for self-interest may not necessarily lead to efficiency or benefit everyone in the economy.

If an economy has NOT achieved efficiency,there must be ways to:

A) increase opportunity costs.
B) eliminate inequity.
C) make some people better off without making others worse off.
D) increase the incentives for its citizens to follow their own self-interest.

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Learning Objectives

Learning Objectives

Related questions

If an economy has NOT achieved efficiency,there must be ways to:A) increase opportunity costs.B) eliminate inequity.C) make some people better off without making others worse off.D) increase the incentives for its citizens to follow their own self-interest.

Definitions

Learning Objectives

Learning Objectives

Related questions

If an economy has NOT achieved efficiency,there must be ways to:

A) increase opportunity costs.
B) eliminate inequity.
C) make some people better off without making others worse off.
D) increase the incentives for its citizens to follow their own self-interest.