Kaldor-Hicks compensation principle can be explained with the help of

Related MCQs

• Compensation criterion principle is associated with the name of
• According to Kaldor-Hicks compensation criteria, the proposed change will increase the social welfare if
• If any policy change benefits any one section of the society (gainers) to such an extent that it is better off even after the payment of compensation to the other sections of the society (losers) out of the benefits received, then that change leads to
• Who has sought to measure Consumer’s Surplus with the help of indifference curve technique?
• According to the principle of comparative advantage,
• David Ricardo's trading principle emphasis the:
• The opportunity cost of a machine which can produce only one product is:
• If a brother and sister return home from trick-or-treating on Christmas and engage in a series of voluntary trades of candy, we can conclude that:
• Who defines economic welfare as “that part of social (general) welfare that can be brought directly or indirectly into relation with the measuring rod of money.”
• Air pollution can be termed as a