Which of these is an argument for using the potential compensation criterion?
a. If the winners can compensate the losers, no one is harmed by employing the criterion.
b. The criterion does not employ interpersonal utility calculations.
c. If employed over a large number of policy changes, everyone should enjoy a net gain in the long run.
d. It is easy to determine the magnitude of the wins and losses.
c
Economics
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If Q = K2L2 the MPK is
a. constant b. diminishing c. increasing
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If both demand and supply increase, price will
a. always increase b. always decrease c. increase only if supply increases more than demand does d. increase only if demand increases more than supply does e. decrease only if supply increases less than demand does
Economics