Micro Economics

Resources are being used efficiently when
1. scarcity is not longer an issue
2. they are also used equitably
3. every opportunity to make people better off has been utilized
4. there are still gains from trade available

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  1. Do a little research, then take a shot, what do you think?

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    2. 👎
  2. 3. every opportunity to make people better off has been utilized

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