A Pareto improvement is
a. an action in which the gains to the gainers outweigh the losses to the losers
b. any action that does not harm a third party
c. an action that makes at least one person better off, and no one worse off
d. any action that involves a side payment to a third party
e. the typical outcome of government action
C
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Of the four countries below, the country that has the most income equality is
a. Ethiopia. b. France. c. Russia. d. Thailand.
The United States has greater income
a. disparity than most other economically advanced countries, but a more equal income distribution than some developing countries. b. disparity than both other economically advanced and all developing countries. c. equality than most other economically advanced countries but greater income disparity than some developing countries. d. equality than both other economically advanced and developing countries.