Economics 9708 · AS & A Level · Behavioural economics

Behavioural economics — practice question

Which statement is not normally linked to the achievement of economic efficiency?

  • AThere is efficiency in consumption if there is no way to redistribute goods among consumers that makes some consumers better off without making others worse off.
  • BThere is efficiency in output levels if there is no different mix of output that would make some people better off without making others worse off.
  • CThere is efficiency in pricing if there is no other pattern of prices that would make some producers better off without making others worse off.
  • DThere is efficiency in production if there is no way to produce more of some goods without producing less of other goods.

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