Economics (AS & A Level) · Oct / Nov 2022 · Paper 31 · Question 1

In an economy, no-one can be made better off without making someone else worse off. What can be deduced from this?

1. AIndividuals are the best judges of their own well-being.
2. BIndividuals can be relied upon to behave rationally.
3. CThe distribution of income is socially optimal.
4. DThe economy's resources are allocated efficiently.

As printed in the paper