MCQOPTIONS
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| 1. |
According to Kaldor-Hicks compensation criteria, the proposed change will increase the social welfare if |
| A. | The gains are equal to the losses |
| B. | The gains are greater than the losses |
| C. | The losses are greater than the gains |
| D. | None of the above |
| Answer» C. The losses are greater than the gains | |