________ Avoids Interpersonal Comparisons, Since It Requires Only That an Action

question 9

Multiple Choice

________ avoids interpersonal comparisons, since it requires only that an action make at least one person better off and no one worse off, evaluated in terms of the preferences of each person.

• A) The Calabresi and Melamed principle
• B) The Pareto criterion
• C) Self-confirming equilibrium
• D) Tragedy of the commons

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Definitions:

Self-actualization

The achievement or satisfaction of one's abilities and potentials, seen as an inherent desire or necessity in all individuals.

Esteem

The respect, admiration, or value that an individual is regarded with by themselves or others, often linked to self-confidence and achievement.

Physiological

Pertaining to the branch of biology that deals with the normal functions of living organisms and their parts.

Self-efficacy

An individual's belief in their own ability to complete tasks and achieve goals.