If a Policy Is Pareto Optimal

question 31

Multiple Choice

If a policy is Pareto optimal:

• A) it will hurt no one.
• B) it will hurt less than 50 percent of the population.
• C) it will hurt more than 50 percent of the population.
• D) some of the losses will exceed the gains.

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Definitions:

Conflict of Interest

A situation in which a person's or entity's personal interest interferes with their ability to make impartial decisions.

Consortium

A group of companies or organizations that join together for a common purpose, often to undertake a substantial project beyond the resources of any single member.

Collusion

A secret agreement or cooperation between two or more parties for a deceitful, illegal, or fraudulent purpose.

Duty of Performance

An obligation in contract law requiring parties to complete their contractual obligations.