Economics · Welfare Economics
If a change in resource allocation can make at least one person better off without making anyone else worse off, it is called a/an ________.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Maximum social welfare
- 2Pareto efficiency
- 3Pareto improvement✓
- 4Interpersonal comparison of utility
Correct answer
Pareto improvement
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