An efficient allocation of resources exists if
A)one group of people can get more of the things they want without someone else having to give up anything.
B)no one can get more of the things he wants without someone else having to give up something.
C)the economy operates at any point under the production possibilities frontier.
D)the economy is operating at any point above the production possibilities frontier.

Question

Quizplus · Accepted Answer

An efficient allocation of resources, known as Pareto efficiency, occurs when no one can be made better off without making someone else worse off.

An Efficient Allocation of Resources Exists If