A move from an inefficient resource allocation to an efficient one:
A) will always be unanimously approved, even if gainers do not compensate losers.
B) will be unanimously opposed.
C) will be unanimously approved if gainers compensate losers.
D) can never result in losers.
Correct Answer:
Verified
Q31: Suppose the efficient output currently prevails in
Q32: Normative economics is:
A)completely free of any value
Q33: Which of the following is a normative
Q34: The marginal social cost of bread exceeds
Q35: Normative economics:
A)is not based on underlying value
Q36: The wine industry is currently composed of
Q37: The total social benefit of automobiles equals
Q39: An efficient level of output means:
A)the total
Q40: If the efficient output of computers is
Q41: Explain why points on a utility possibility
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