If a Change Is a Pareto Improvement, Then

question 93

Multiple Choice

If a change is a Pareto improvement, then

• A)we also achieve Pareto efficiency.
• B)consumer surplus is maximized.
• C)it also passes the cost-benefit test.
• D)the distributional effect is likely to be regressive.

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Definitions:

Resist

To oppose or strive against something, often used in the context of resisting oppression, injustice, or undesirable circumstances.

Slave Masters

Individuals or entities that owned and controlled the lives of enslaved people, a practice particularly prevalent in the American South before the Civil War.

Slave Families

Family units formed by enslaved people, often facing forced separations and conditions aiming to undermine familial bonds.

Scots

People originating from Scotland, a country that is part of the United Kingdom, with a rich cultural heritage including traditions, languages, and historical contributions.