Kaldor-Hicks compensation principle can be explained with the help of
A)Utility possibility curve
B)Indifference curve
C)Equal product curve
D)Kuznet's curve

Question

Quizplus · Accepted Answer

The Kaldor-Hicks compensation principle can be explained with the help of the Utility Possibility Curve, which illustrates how one individual's utility can be improved without reducing the utility of another, a concept central to welfare economics and the principle itself.

Kaldor-Hicks Compensation Principle Can Be Explained with the Help of