Multiple choice

ideal state in which it's impossible to make anyone better off without making another worse off

  1. equilibrium

  2. Pareto efficiency

  3. Okun's Law

  4. balance

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Pareto efficiency describes a state where resources are allocated such that it is impossible to make one individual better off without making at least one other individual worse off.