A Pareto Improvement Is

question 36

Multiple Choice

A Pareto improvement is

• A)an action in which the gains to the gainers outweigh the losses to the losers
• B)any action that does not harm a third party
• C)an action that makes at least one person better off,and no one worse off
• D)any action that involves a side payment to a third party
• E)the typical outcome of government action

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Definitions:

Motivate

To provide reasons, encouragement, or incentives for individuals to behave in a desired way or even pursue certain goals.

Self-actualization

A psychological concept referring to the realization or fulfilment of one's talents and potentialities, considered as a drive or need present in everyone.

Maslow

Refers to Abraham Maslow, a psychologist best known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs in priority.

Herzberg

Refers to Frederick Herzberg's Two-Factor Theory, which posits that job satisfaction and dissatisfaction arise from two different sets of factors—hygiene factors and motivators.