A Pareto optimal policy improves:
A. the welfare of at least 50 percent of the population.
B. the welfare of Pareto.
C. the welfare of more people than it hurts.
D. everyone's welfare.
Answer: D
Economics
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In the short run, an increase in government expenditure on goods and services ________ real GDP and ________ the price level
A) increases; rises B) increases; falls C) decreases; rises D) decreases; falls
Economics
The Solow model implies that continuous growth in productivity at a rate of one percent will result in continuous growth of output per worker at a rate of 1.43%
Thus, if at a point in time output per worker is 270 and productivity rises by one percent, the resulting level of output per worker is ________. A) 386 B) 273 C) 274 D) 277
Economics