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 30 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
YES! Correct, THANKS for helping me on my review

ryansturges

  • Member
  • Posts: 338
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

(A) Dornier Compact Delta® lithotripsy system. Acoustic shock waves generated by the shock-wave-gene (A) Dornier Compact Delta® lithotripsy system. Acoustic shock waves generated by the shock-wave-gene
lymphatic system lymphatic system
The gastrointestinal system. The gastrointestinal system.
The Excretory System Water and waste products from cells The Excretory System Water and waste products from cells
Function divisions of nervous system Function divisions of nervous system
Respiratory system of a bird. Respiratory system of a bird.
Video: Mitochondrial Structure & ETC Protein Complexes (Protein Complexes and Electron Transport)

For a complete list of videos, visit our video library