Economics · Welfare Economics
Arrange the following scholarly contributions in welfare economics in their chronological order, starting from the oldest to the latest: (A) Kaldor-Hicks Compensation Criterion (B) Bergson Social Welfare Function Criterion (C) Rawls's Principle of Social Justice (D) Pareto Optimality Criterion Choose the correct answer from the options given below:
- 1(D), (B), (A), (C)✓
- 2(B), (A), (D), (C)
- 3(B), (A), (C), (D)
- 4(A), (B), (C), (D)
Correct answer
(D), (B), (A), (C)
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