Explain why Robin Hood's practice of stealing from the rich to give to the poor is never Pareto efficient
What will be an ideal response?
When Robin steals from the rich, those people are made worse off. This cannot be Pareto efficient.
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The economy pictured in the figure has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________. 
A. recessionary; A B. recessionary; C C. recessionary; B D. expansionary; A
When the power company decides to use manpower to bury its lines, it directly answers the ________ question
A) what B) for whom C) how D) why E) when
Suppose the marginal cost of producing a good falls so that the marginal social cost curve shifts downward. Then the efficient quantity to produce of that product
A) increases. B) does not change. C) decreases. D) could increase, stay the same, or decrease.
Entry of new firms into a perfectly competitive market raises the product's price
Indicate whether the statement is true or false