CAIE-Alevel-经济学-A2分类练习+解析 → 练习和解析(选择题-易): Efficiency

1.

What condition must be met for productive efficiency to be achieved?

the elimination of all externalities

the reduction of all transaction costs

price equals to marginal cost in all industries

the production of a good at minimum average cost for a given output

2.

What type of efficiency is indicated by the equality of price and marginal cost?

allocative

technical

productive

dynamic

3.

What is the primary reason for an economy to strive for economic efficiency?

to promote income equality

to achieve maximum employment

to improve international competitiveness

to prevent the wastage of resources

4.

Which of the following statements correctly identifies the condition required to achieve Pareto optimality?

All consumers optimize their utility within the constraints of their available income.

It is impossible to produce more output with the available resources.

It is impossible to reallocate resources to make someone better off without making someone else worse off.

The potential losers from any reallocation of resources cannot be fully compensated by those who benefit.

5.

In a two-person economy with given technology and resources, the current distribution of goods between two individuals is at point X. Which point represents increased allocative efficiency based on the Pareto criterion?

A

B

C

D

6.

Which of the following statements is accurate?

Firms in a centralized economy compete to allocate resources efficiently.

Resources in a centralized economy are privated owned.

In a market economy prices are used to signal the value of individual resources.

Resources in a market economy are allocated by government planners.

CAIE-Alevel-经济学-A2分类练习+解析

CAIE-Alevel-经济学-A2分类练习+解析

练习和解析(选择题-易): Efficiency

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