A Pareto E?cient Outcome Is One Where

question 32

Multiple Choice

A Pareto e?cient outcome is one where:

• A) each individual's welfare depends on the quantity of resources that he owns.
• B) each individual receives an equal share of the total resources.
• C) an individual cannot be made better off without making another individual worse off.
• D) an individual's welfare is maximized at the cost of society's overall welfare.

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Definitions:

Operant Conditioning

A pedagogical method where the adjustment of behavior intensity is conducted through consequence management.

Discrimination

Unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, sex, or disability.

Negative Reinforcement

Negative reinforcement is a behavioral psychology concept where the removal of an unfavorable stimulus strengthens a particular desired behavior.

Law of Effect

A principle stating that behaviors followed by favorable consequences become more likely, and behaviors followed by unfavorable consequences become less likely.