Which of the following is not a limitation of the Pareto criteria?

a. Almost any policy change will make at least one person worse off.
b. The status quo is lent legitimacy from being the starting point for evaluating social welfare.
c. The criteria cannot tell us if a particular policy change will make all participants better off.
d. The criteria do not allow for the ranking of all possible states of the world.

c

Economics

You might also like to view...

What does the slope of a straight line equal? How is the slope of a curved line calculated at a point on the curve?

What will be an ideal response?

Economics

What is the relationship between money growth and inflation across countries? Does your answer support the quantity theory of money?

What will be an ideal response?

Economics