In an economy, no one can be made better off without making someone else worse off. What does not necessarily follow from this?
- (A)The conditions for allocative efficiency have been met.
- (B)The conditions for productive efficiency have been met.
- (C)The distribution of income is socially acceptable.
- (D)The economy is operating at a point on its production possibility curve.
Mark scheme
Marking points from the official mark scheme (Oct/Nov 2019). The mark or mark type is shown in brackets.
- [1] C
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