An allocation is Pareto-efficient if no reallocation of resources would make some people _______ without making others ________?
A. worse off; worse off
B. better off; better off
C. better off; worse off
D. equal, unequal
A. worse off; worse off
B. better off; better off
C. better off; worse off
D. equal, unequal
A. biological diversity is dominant in agricultural production
B. the globe’s water pollution affects plankton
C. the earth’s atmosphere traps infrared radiation
D. climatic changes occur naturally in the forest
I- international Center for the Improvement of Maize and Wheat (CIMMYT)
II- International Rice Research Institute (IRRI)
III- Synthetic Rubber Research Institute (SRRI)
IV- Center for International Agricultural production Control (CIAPC)
A. I only
B. I and II only
C. III and IV only
D. Iv only
A. Marginal revenue in A= Price B
B. Marginal revenue in A = Marginal revenue B = Price A = Price B
C. Marginal revenue in A = Marginal revenue B = Marginal cost
D. Marginal revenue in A = Marginal revenue B = Average cost
A. capitalism exploits the worker and socialism exploits the property owner
B. capitalism relies on the market to make economic decisions and socialism uses central planning
C. capitalism grows through rent seeking and socialism grows through government direction
D. capitalism relies on consumer satisfaction to dictate choices and socialism relies on producer satisfaction
A. Japan
B. Canada
C. Germany
D. USA
A. 1858
B. 1869
C. 1881
D. 1901