If some gain and some lose as the result of a propos... - Solved MCQs & Answer

543EconomicsMedium

If some gain and some lose as the result of a proposed change and it can be demonstrated that the value of the gains would exceed the value of the losses then the change is said to be?

Aunequivocally Pareto optimal

Btechnically efficient.

Cpotentially efficient

Dinefficient.

Correct answer

C. potentially efficient

Explanation

The correct answer is potentially efficient.

Related Economics MCQs

View all 4520 MCQs →

MCQ #545

A group of economists argue that the real problem with the economy is high rates of taxation and heavy regulation that reduce the incentives to work save and invest these economists are?

Ans: supply side economistsRead →

MCQ #541

Even through buying roles in the family change constantly the ________ has traditionally been the main purchasing agent for the family?

Ans: wifeRead →

MCQ #546

What does mean by Deed________?

Ans: legal instrument used to grand a rightRead →

MCQ #540

The most essential element of culture is________?

Ans: languageRead →

MCQ #1673

Craftsmen foremen secretary’s office workers belong to the________?

Ans: working classRead →

MCQ #2803

If Honda uses its company name to cover such different products as its automobile’s lawn mowers and motorcycles, it is practicing which of the following strategies?

Ans: brand extension strategyRead →