According to the Efficiency Criterion,when a Policy Creates Both Winners

question 13

True/False

According to the efficiency criterion,when a policy creates both winners and losers,it will be preferred to the status quo as long as the winners' gains outweigh the losers' losses.

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Definitions:

Owner's Capital Account

An equity account that represents the amount of money that the owner has invested in the business plus any profits or minus any losses.