In Scitovsky's Double Criterion, a policy change is welfare-improving if:

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Economics · Welfare Economics

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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it passes both the Kaldor and Hicks compensation tests

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Answer 1

it maximizes total consumer and producer surplus

Answer 2

potential compensation occurs in at least one direction

Answer 3

it passes either the Kaldor or Hicks compensation test

Answer 4

it passes both the Kaldor and Hicks compensation tests

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