A-LevelEconomicsWelfare EconomicsOct/Nov 2017Paper 3 Q11 Mark
In an economy no one can be made better off without making someone else worse off. What can be deduced from this? A Individuals are the best judges of their own well-being. B Individuals can be relied upon to behave rationally. C The distribution of income is socially optimal. D The economy's resources are allocated efficiently.
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