This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A ________ system is one in which all possible trades that make some societal members better off ... (Read 15 times)

swpotter12

  • Hero Member
  • *****
  • Posts: 527
on: Apr 19, 2019

Question 1

In perfect competition, when firms are maximizing profits and households are maximizing utility


◦ Pareto optimality has been obtained.
◦ voluntary exchange can be used to make both firms and households better off.
◦ the outcome is inefficient.
◦ individual welfare is maximized, but social welfare is not.

Question 2

A ________ system is one in which all possible trades that make some societal members better off without making others worse off have been exhausted.


◦ Pareto maximized
◦ Pareto optimal
◦ market
◦ general equilibrium
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by swpotter12 on Apr 19, 2019

brittanywood

  • Sr. Member
  • ****
  • Posts: 355
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


swpotter12

  • Member
  • Posts: 527
Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

ebonylittles

  • Member
  • Posts: 318
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Disorders of the Urinary System Disorders of the Urinary System
Procedures and Diagnostic Tests Related to the Endocrine System Procedures and Diagnostic Tests Related to the Endocrine System
Pressure drop after 10 minutes on a normal port fuel-injection system. Pressure drop after 10 minutes on a normal port fuel-injection system.
The J2534 pass-through reprogramming system does not need a scan tool to reflash the PCM on most ... The J2534 pass-through reprogramming system does not need a scan tool to reflash the PCM on most ...
(a) Blue arrows (right side): External components of the innate immune system: human body with skin, ... (a) Blue arrows (right side): External components of the innate immune system: human body with skin, ...
A taproot system consists of a large main root together with its lateral branchings A taproot system consists of a large main root together with its lateral branchings
Video: Chronology of leptin research (A history of leptin research)

For a complete list of videos, visit our video library