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Author Question: The Pareto optimality concept is _____. a. equivalent to the concept of economic efficiency b. ... (Read 170 times)

justinmsk

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on: Jul 1, 2018
The Pareto optimality concept is _____.
 
  a. equivalent to the concept of economic efficiency
  b. equivalent to Pareto superiority
  c. equivalent to utilitarianism
   d. equivalent to cost-benefit analysis

Question 2

Market exchange assumes that _____.
 
  a. there are no monopolies
  b. prisoner dilemmas are nonexistent
  c. parties to the exchange have well-defined property rights
   d. the public sector is failing its job


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scrocafella

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Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

c


justinmsk

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

phuda

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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