In terms of economics, if it is possible to make someone betteroff without making someone worseoff, then the situation is (1) Inefficient (2) Efficient (3) Optimal (4) Paretosuperior

In terms of economics, if it is possible to make someone betteroff without making someone worseoff, then the situation is (1) Inefficient (2) Efficient (3) Optimal (4) Paretosuperior
by

1 Answer

Answer :

Inefficient
by

Related questions

Interms of economics, if it is possible to make someone better off without making someone worse off, then the situation is - (1) Inefficient (2) Efficient (3) Optimal (4) Paretosuperior

Description : Interms of economics, if it is possible to make someone better off without making someone worse off, then the situation is - (1) Inefficient (2) Efficient (3) Optimal (4) Paretosuperior

Last Answer : (1) Inefficient Explanation: Pareto efficiency is said to occur when it is impossible to make one party better off without making some-one worse off. An inefficient situation is one where it possible to make some people better off without making anyone else worse off.

The cost of replacement of inefficient chiller with an energy efficient chiller in a plant was Rs. 10 lakh .The net annual cash flow is Rs 2.50 lakh .The return on investment is: a) 18% b) 20% c) 15 % d) none of the above

Description : The cost of replacement of inefficient chiller with an energy efficient chiller in a plant was Rs. 10 lakh .The net annual cash flow is Rs 2.50 lakh .The return on investment is: a) 18% b) 20% c) 15 % d) none of the above

Last Answer : d) none of the above

If a firm is operating at any point inside the PPF, the firm is (a) Efficient firm ; (b) Inefficient firm ; (c) Poised for abnormal growth ; (d) None

Description : If a firm is operating at any point inside the PPF, the firm is (a) Efficient firm ; (b) Inefficient firm ; (c) Poised for abnormal growth ; (d) None

Last Answer :  (b) Inefficient firm

The bowed shape of the production possibilities curve illustrates: a. the law of increasing marginal cost b. that production is inefficient c. that production is unattainable d. the demand is relatively inelastic

Description : The bowed shape of the production possibilities curve illustrates: a. the law of increasing marginal cost b. that production is inefficient c. that production is unattainable d. the demand is relatively inelastic

Last Answer : a. the law of increasing marginal cost

In terms of economics, what is an "externality"•? a) Benefits or harm caused by a firm without payment/penalty b) Net income from foreign countries c) Total exports by a country in a given year d) None of the above

Description : In terms of economics, what is an "externality"•? a) Benefits or harm caused by a firm without payment/penalty b) Net income from foreign countries c) Total exports by a country in a given year d) None of the above

Last Answer : a) Benefits or harm caused by a firm without payment/penalty

A strategic manager that seeks to reach acceptable profit targets as opposed to making as much profit as possible is making decisions of which type? a) Satisfactory b) Satisficing c) Irrational d) Optimal

Description : A strategic manager that seeks to reach acceptable profit targets as opposed to making as much profit as possible is making decisions of which type? a) Satisfactory b) Satisficing c) Irrational d) Optimal

Last Answer : Satisficing

A strategic manager that seeks to reach acceptable profit targets as opposed to making as much profit as possible is making decisions of which type? A. Satisfactory B. Satisficing C. Irrational D. Optimal

Description : A strategic manager that seeks to reach acceptable profit targets as opposed to making as much profit as possible is making decisions of which type? A. Satisfactory B. Satisficing C. Irrational D. Optimal

Last Answer : Satisfactory

A strategic manager that seeks to reach acceptable profit targets as opposed to making as much profit as possible is making decisions of which type? A. Satisfactory B. Satisficing C. Irrational D. Optimal

Description : A strategic manager that seeks to reach acceptable profit targets as opposed to making as much profit as possible is making decisions of which type? A. Satisfactory B. Satisficing C. Irrational D. Optimal

Last Answer : Satisfactory

The terms "Micro Economics" and "Macro Economics" were coined by - (1) Alfred Marshall (2) Ragner Nurkse (3) Ragner Frisch (4) J.M. Keynes

Description : The terms "Micro Economics" and "Macro Economics" were coined by - (1) Alfred Marshall (2) Ragner Nurkse (3) Ragner Frisch (4) J.M. Keynes

Last Answer : (3) Ragner Frisch Explanation: The terms microeconomics and macroeconomics were coined by Professor Ragnar Frisch of Oslo University for the first time in 1933 and since then they gained popularity and ... number of significant advances in the field of economics and coined a number of new words.

In the terminology of economics and money demand, the terms M3 and M4 are also known as : a) Short money b) Long money c) Broad money d) Narrow money

Description : In the terminology of economics and money demand, the terms M3 and M4 are also known as : a) Short money b) Long money c) Broad money d) Narrow money

Last Answer : c) Broad money

) In the terminology of economics and money demand, the terms M1 and M2 are also known as : a) Short money b) Long money c) Broad money d) Narrow money

Description : ) In the terminology of economics and money demand, the terms M1 and M2 are also known as : a) Short money b) Long money c) Broad money d) Narrow money

Last Answer : d) Narrow money

The terms “Micro Economics” and “Macro Economics” were coined by (1) Alfred Marshall (2) Ragner Nurkse (3) Ragner Frisch (4) J.M. Keynes

Description : The terms “Micro Economics” and “Macro Economics” were coined by (1) Alfred Marshall (2) Ragner Nurkse (3) Ragner Frisch (4) J.M. Keynes

Last Answer : Ragner Frisch 

………….. is a situation in which it is not possible to make someone better off without making someone worse off (a) Social efficiency ; (b) Production efficiency ; (c) Distribution efficiency ; (d) Pareto efficiency

Description : ………….. is a situation in which it is not possible to make someone better off without making someone worse off (a) Social efficiency ; (b) Production efficiency ; (c) Distribution efficiency ; (d) Pareto efficiency

Last Answer :  (d) Pareto efficiency

In Economics, production means - (1) manufacturing (2) making (3) creating utility (4) farming

Description : In Economics, production means - (1) manufacturing (2) making (3) creating utility (4) farming

Last Answer : (3) creating utility Explanation: All factors of production like land, labour, capital and entrepreneur are required in combination at a time to produce a commodity. Production means creation or an ... 'inputs' or 'resources') are any commodities or services used to produce goods and services.

Which is the basically a decision making science ? a. Farm management b. Macro economics c. Micro economics d. None of these

Description : Which is the basically a decision making science ? a. Farm management b. Macro economics c. Micro economics d. None of these

Last Answer : a. Farm management

In Economics, production means (1) manufacturing (2) making (3) creating utility (4) farming

Description : In Economics, production means (1) manufacturing (2) making (3) creating utility (4) farming

Last Answer : creating utility

The closed circulatory system is more efficient. Since blood circulates only inside blood vessels it can do it with more pressure reaching farther distances between the organs where hematosis happens and the peripheral tissues. In addition the circulatory speed also heightens making possible more oxygen supply to great consuming tissues, like the muscle tissues that then can perform faster movements. Animals with an open circulatory system (with the exception of insects that do gas exchange independently from the circulation) are generally slower and have a low metabolic rate.

Description : The closed circulatory system is more efficient. Since blood circulates only inside blood vessels it can do it with more pressure reaching farther distances between the organs where hematosis ... exchange independently from the circulation) are generally slower and have a low metabolic rate.

Last Answer : What is the difference between octopuses and mussels regarding their circulatory systems?

1) Which among the following could be said to be an 'Open Economy'?a) A nation that follows the doctrine of Free-market and Laissez-faire economics b) A nation that trades with other nations in goods and services and financial assets c) An economy that operates without government intervention d) None of the above

Description : 1) Which among the following could be said to be an 'Open Economy'? a) A nation that follows the doctrine of Free-market and Laissez-faire economics b) A nation that trades with other ... services and financial assets c) An economy that operates without government intervention d) None of the above

Last Answer : : b) A nation that trades with other nations in goods and services and financial assets

Why is heating food in a saucepan inefficient?

Description : Why is heating food in a saucepan inefficient?

Last Answer : Feel Free to Answer

The most inefficient method of voltage reduction, from the standpoint of power loss, even when placed in series with the load, is the use of a/an ____________. A. capacitor B. inductor C. resistor D. transistor

Description : The most inefficient method of voltage reduction, from the standpoint of power loss, even when placed in series with the load, is the use of a/an ____________. A. capacitor B. inductor C. resistor D. transistor

Last Answer : Answer: C

The most inefficient method of voltage reduction from the stand point of power loss, is a/an _____________. A. capacitor in series with the load B. inductor in series with the load C. capacitor and inductor in series with the load D. resistor in series with the load

Description : The most inefficient method of voltage reduction from the stand point of power loss, is a/an _____________. A. capacitor in series with the load B. inductor in series with the load C. capacitor and inductor in series with the load D. resistor in series with the load

Last Answer : Answer: D

In connection with the examination of financial statements, an independent auditor could be responsible for failure to detect a material fraud if a. Accountants performing important parts of the work failed to discover a close relationship between the treasurer and the cashier. b. The auditor planned the work in a hasty and inefficient manner. c. Statistical sampling techniques were not used on the audit engagement. d. The fraud was perpetrated by one client employee, who circumvented the existing internal control

Description : In connection with the examination of financial statements, an independent auditor could be responsible for failure to detect a material fraud if a. Accountants performing important parts of the ... . The fraud was perpetrated by one client employee, who circumvented the existing internal control

Last Answer : The auditor planned the work in a hasty and inefficient manner.

In connection with the examination of financial statements, an independent auditor could be responsible for failure to detect a material fraud if a. Statistical sampling techniques were not used on the audit engagement. b. The fraud was perpetrated by one client employee, who circumvented the existing internal control. c. The auditor planned the work in a hasty and inefficient manner. d. Accountants performing important partsof the work failed to discover a closerelationship between the treasurer andthe cashie

Description : In connection with the examination of financial statements, an independent auditor could be responsible for failure to detect a material fraud if a. Statistical sampling techniques were not used on ... partsof the work failed to discover a close relationship between the treasurer and the cashie

Last Answer : The auditor planned the work in a hasty and inefficient manner.

Discrimination in wages is sometimes made by (a) Assigning less tasks for women (b) Assigning low-waged tasks to women (c) Accusing women to be inefficient (d) Delaying in payment

Description : Discrimination in wages is sometimes made by (a) Assigning less tasks for women (b) Assigning low-waged tasks to women (c) Accusing women to be inefficient (d) Delaying in payment

Last Answer : (b) Assigning low-waged tasks to women

A perpetual motion machine is  (a) a thermodynamic machine  (b) a non-thermodynamic machine  (c) a hypothetical machine  (d) a hypothetical machine whose opera-tion would violate the laws of thermodynamics  (e) an inefficient machine.

Description : A perpetual motion machine is  (a) a thermodynamic machine  (b) a non-thermodynamic machine  (c) a hypothetical machine  (d) a hypothetical machine whose opera-tion would violate the laws of thermodynamics  (e) an inefficient machine.

Last Answer : Answer : d

Loose or inefficient coupling of energy into or out of a waveguide can be accomplished by the use of what method?

Description : Loose or inefficient coupling of energy into or out of a waveguide can be accomplished by the use of what method?

Last Answer : Slots and apertures.

What amplifier class of operation is the most inefficient but has the least distortion?

Description : What amplifier class of operation is the most inefficient but has the least distortion?

Last Answer : Class A.

Select the TRUE statement. A)Wholesaling activities must be performed during distribution of all goods, whether or not a wholesaling institution is involved. B)Only wholesaling establishments can perform wholesaling activities. C)Wholesaling is an inefficient process that should be eliminated from the marketing channel. D)The biggest problem with the wholesaling process is that inefficient wholesalers are not eliminated.

Description : Select the TRUE statement. A)Wholesaling activities must be performed during distribution of all goods, whether or not a wholesaling institution is involved. B)Only wholesaling establishments ... )The biggest problem with the wholesaling process is that inefficient wholesalers are not eliminated.

Last Answer : A)Wholesaling activities must be performed during distribution of all goods, whether or not a wholesaling institution is involved.

The bowed shape of the production possibilities curve illustrates. a) Law of Increasing Marginal Cost b) The production is inefficient c) The production is unattainable d) The demand is relatively elastic

Description : The bowed shape of the production possibilities curve illustrates. a) Law of Increasing Marginal Cost b) The production is inefficient c) The production is unattainable d) The demand is relatively elastic

Last Answer : Answer- a

What are the advantages of fertigation in agriculture? 1. Controlling the alkalinity of irrigation water is possible. 2. Efficient application of Rock Phosphate and all other phosphatic fertilizers is possible. 3. Increased availability of nutrients to plants is possible. 4. Reduction in the leaching of chemical nutrients is possible. Select the correct answer using the code given below - a) 1, 2 and 3 only b) 1, 2 and 4 only c) 1, 3 and 4 only d) 2, 3 and 4 only

Description : What are the advantages of fertigation in agriculture? 1. Controlling the alkalinity of irrigation water is possible. 2. Efficient application of Rock Phosphate and all other phosphatic fertilizers is possible. 3. Increased availability of ... 1, 2 and 4 only c) 1, 3 and 4 only d) 2, 3 and 4 only

Last Answer : c) 1, 3 and 4 only

A strategic window is A)the right combination of circumstances at the right time so that action can be taken toward a target market. B)what determines the factors that are most important in making a market attractive or strong. C)the limited period when the fit between key market requirements and a firm's capabilities is optimal. D)the process that seeks information about events and relationships in a company's outside environment.

Description : A strategic window is A)the right combination of circumstances at the right time so that action can be taken toward a target market. B)what determines the factors that are most important in ... . D)the process that seeks information about events and relationships in a company's outside environment.

Last Answer : C)the limited period when the fit between key market requirements and a firm's capabilities is optimal.

........................may be defined as a method of determining an optimal program of interdependent activities in view of available resources. a. Goal programming b. Linear programming c. Decision making d. None of these

Description : ........................may be defined as a method of determining an optimal program of interdependent activities in view of available resources. a. Goal programming b. Linear programming c. Decision making d. None of these

Last Answer : b. Linear programming

Could you please comment for as long as possible of what are the meaning and the implications (in mathematical, statistical, probabilistical, economical, technical terms etc.) of the following three types of baseball contract?

Description : Could you please comment for as long as possible of what are the meaning and the implications (in mathematical, statistical, probabilistical, economical, technical terms etc.) of the following three types of baseball contract?

Last Answer : It seems that he would be guaranteed a starting point of 15 million per inning pitched; But it comes down to how many innings he pitches per season, and how many runs are scored, both earned and unearned, while he pitches. If done in the US, some pitchers would do very well.

The effective rate of protection (a). distinguishes between tariffs that are effective and those that are ineffective (b). is the minimum level at which a tariff becomes effective in limiting imports (c). shows how effective a tariff is in raising revenue for the government (d). shows the increase in value added for domestic production that a particular tariff structure makes possible, in percentage terms

Description : The effective rate of protection (a). distinguishes between tariffs that are effective and those that are ineffective (b). is the minimum level at which a tariff becomes effective in ... in value added for domestic production that a particular tariff structure makes possible, in percentage terms

Last Answer : d). shows the increase in value added for domestic production that a particular tariff structure makes possible, in percentage terms

When there is one buyer and many sellers then that situation is called - (1) Monopoly (2) Single buyer right (3) Down right (4) Double buyers right

Description : When there is one buyer and many sellers then that situation is called - (1) Monopoly (2) Single buyer right (3) Down right (4) Double buyers right

Last Answer : (2) Single buyer right Explanation: In economics, a monopsony (mono: single) is a market form in which only one buyer faces many sellers. It is an example of imperfect competition, ... of a monopsony. Another possible monopsony could develop in the exchange between the food industry and farmers.

When there is one buyer and many sellers then that situation is called (1) Monopoly (2) Single buyer right (3) Down right (4) Double buyers right

Description : When there is one buyer and many sellers then that situation is called (1) Monopoly (2) Single buyer right (3) Down right (4) Double buyers right

Last Answer :  Single buyer right 

Hill climbing sometimes called ____________ because it grabs a good neighbor state without thinking ahead about where to go next. a) Needy local search b) Heuristic local search c) Greedy local search d) Optimal local search

Description : Hill climbing sometimes called ____________ because it grabs a good neighbor state without thinking ahead about where to go next. a) Needy local search b) Heuristic local search c) Greedy local search d) Optimal local search

Last Answer : c) Greedy local search

Consider a program that consists of 8 pages (from 0 to 7) and we have 4 page frames in the physical memory for the pages. The page reference string is : 1 2 3 2 5 6 3 4 6 3 7 3 1 5 3 6 3 4 2 4 3 4 5 1 The number of page faults in LRU and optimal page replacement algorithms are respectively (without including initial page faults to fill available page frames with pages): (A) 9 and 6 (B) 10 and 7 (C) 9 and 7 (D) 10 and 6

Description : Consider a program that consists of 8 pages (from 0 to 7) and we have 4 page frames in the physical memory for the pages. The page reference string is :  1 2 3 2 5 6 3 4 6 3 7 3 1 5 3 6 3 4 2 4 3 4 5 ... to fill available page frames with pages): (A) 9 and 6 (B) 10 and 7 (C) 9 and 7 (D) 10 and 6

Last Answer : (B) 10 and 7

What movie/documentary can I watch to help me understand the current situation of US and/or world economics?

Description : What movie/documentary can I watch to help me understand the current situation of US and/or world economics?

Last Answer : Waiting for Superman.

Do you think she will be able to get out her situation? -Economics 9th

Description : Do you think she will be able to get out her situation? -Economics 9th

Last Answer : NEED ANSWER

Why does the Nobel prize in economics not have a cash award?

Description : Why does the Nobel prize in economics not have a cash award?

Last Answer : The Nobel Prize in Economics has the same monetary reward as all of the other prizes.

How can I improve my skills in Economics?

Description : How can I improve my skills in Economics?

Last Answer : answer:I'm not sure what you are asking. There are any number of books - both highly scholarly and more popular - that discuss economics. One of the best basic books is Naked Economics ... business magazines. I would say that 75% of any understanding of economics is simply applying common sense.

Can supply-side economics resolve a demand-side economic problem?

Description : Can supply-side economics resolve a demand-side economic problem?

Last Answer : answer:@ETpro, in researching your links (and doing a little more research on my own), I found it interesting that both demand-side and supply-side supporters reach as far back as James Hamilton (first US ... short, you have the Great Society of LBJ. Too bad that was derailed by the war in Vietnam

Economics: Science or Cult?

Description : Economics: Science or Cult?

Last Answer : answer:Can I watch? There are people with opinions about Economics that can’t spell it and get all emotional and non-rational. Because it is money and they feel they don’t have enough and can’t control their money. It is science.

What does the phrase "Money is the product of labour" mean in economics?

Description : What does the phrase "Money is the product of labour" mean in economics?

Last Answer : It means that human capital is necessary for the basic component of wealth creation. Sure, you get a return by renting something out, but some human capital went into creating whatever you' ... some labor into making the investment decision. Monetary capital without labor doesn't expand the economy.

Do you know any really good books on economics?

Description : Do you know any really good books on economics?

Last Answer : Try Milton Friedman’s Capitalism and Freedom.

In economics, what is it called when reduced demand cause prices to go up?

Description : In economics, what is it called when reduced demand cause prices to go up?

Last Answer : They could be trying to “re-brand” the commodity into a veblen good, angling for more affluent customers who care more about status than overpaying. Hope this helps.

What are some good books would you recommend to help Americans get up to speed on economics?

Description : What are some good books would you recommend to help Americans get up to speed on economics?

Last Answer : economics, finance, accounting, all that good stuff is like a complete different language if one has not been in direct contact with it or voluntarily read about it and taught oneself to me its hard ... tells me about it. ugh i honestly wish i knew and could hold a conversation with an economist

Could you please recommend some good books as an introduction to economics?

Description : Could you please recommend some good books as an introduction to economics?

Last Answer : Right here