Economics · Welfare Economics
The statement, 'Welfare is said to increase or decrease if at least one person is made better off or worse off with no change in the position of the others', is associated with which economist?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1W. J. Baumol
- 2J. R. Hicks
- 3N. Kaldor
- 4V. Pareto✓
Correct answer
V. Pareto
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