Assume some gain and some lose as the result of a change. If we can demonstrate the value of the gains are less than the value of the losses, then we say the change is
A) potentially efficient.
B) inefficient.
C) unequivocally Pareto optimal.
D) technically efficient.

Question

Quizplus · Accepted Answer

If the value of the gains is less than the value of the losses, the change results in a net loss of value, making it inefficient. Efficiency implies that no change can make someone better off without making someone else worse off, and in this case, the overall loss indicates inefficiency.

Assume Some Gain and Some Lose as the Result of a Change