The key difference between the Pareto optimality and Pareto superiority is that ______.
A) Pareto optimality is incompatible with utilitarianism,while Pareto superiority is compatible
B) Pareto superiority is superior to Pareto optimality
C) Pareto optimality requires interpersonal utility calculations,while Pareto superiority does not
D) Pareto optimality refers to a state of the world while Pareto superiority compares two states of the world
Correct Answer:
Verified
Q1: The market system is based upon _.
A)money
B)voluntary
Q3: Employing utilitarianism as a measure of the
Q4: If government did not individual rights,the efficiency
Q5: The idea that the public interest should
Q6: Government institutions that protect the rights of
Q7: The Pareto optimality concept is _.
A)equivalent to
Q8: Which of the following is not a
Q9: Which of these is not a valid
Q10: The market system is able to allocate
Q11: _ a cornerstone of the market economy.
A)Mutually
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