Economics 9708 · AS & A Level · Behavioural economics

Behavioural economics — practice question

At what point is economic efficiency attained in an economy?

  • Awhen nobody can become better off without somebody else becoming worse off
  • Bwhen the economy is operating at its natural rate of unemployment
  • Cwhen the level of social costs is minimised
  • Dwhen the rate of economic growth is maximised

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