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Eduncle posted an MCQ
March 02, 2020 • 18:07 pm 0 points
  • UGC NET
  • Economics

The ‘Compensation Criterion’ which says that state A is socially preferable to state B. If those who gain from the change can compensate the loosers and yet end up with surplus welfare gain is attributed to : 

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    Eduncle Best Answer

    A movement from state A to state B must be desirable in terms of the Kaldor-Hicks criteria but a return from B to A should not be an improvement on these criteria.

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