Under a Pareto Optimum

A) it is always possible to improve someone's welfare.
B) it is never possible to improve someone's welfare.
C) one can only reduce someone's welfare.
D) it is impossible to reduce someone's welfare.

C

Economics

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Which of the following is an exogenous variable in the Three-Sector-Model?

a. Expected inflation b. Industry risk c. Country risk d. Real risk-free interest rate e. All of the above are exogenous variables.

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