Suppose a country uses its resources in a Pareto-efficient way. Which of the following statements is true? a) There might be inefficiency in production. b) There might be inefficiency in consumption.
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Suppose a country uses its resources in a Pareto-efficient way. Which of the following statements is true?
a) There might be inefficiency in production.
b) There might be inefficiency in consumption.
c) It might be possible to make one person better off without making another person worse off.
d) There might be considerable inequality of income among the country’s citizens.
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