Economics · Welfare Economics
Match List-I (Welfare Criterion / Concept) with List-II (Key Proponent and Description): List-I P. Compensation Criterion (potential Pareto improvement) Q. Social Welfare Function based on 'greatest good for greatest number' R. Double Criterion to avoid the compensation paradox S. Impossibility of a consistent non-dictatorial social ordering List-II1. Jeremy Bentham (utilitarian SWF)2. Tibor Scitovsky3. Nicholas Kaldor and John Hicks4. Kenneth Arrow Choose the correct matching:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1P-3, Q-1, R-2, S-4✓
- 2P-1, Q-3, R-2, S-4
- 3P-2, Q-1, R-3, S-4
- 4P-3, Q-4, R-1, S-2
Correct answer
P-3, Q-1, R-2, S-4
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