Economics · Welfare Economics
The criteria stating that social welfare increases or decreases if at least one individual is made better off or worse off with absolutely no change in the situation of others was postulated by:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1William Baumol
- 2John Hicks
- 3Nicholas Kaldor
- 4Vilfredo Pareto✓
Correct answer
Vilfredo Pareto
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