If Everyone's Utility Is Given Equal Weight and a Change

question 84

Multiple Choice

If everyone's utility is given equal weight and a change in resource allocation results in one person's gain exceeding another person's loss,we can say that the new allocation

• A) is Pareto superior to the original one.
• B) increases social welfare.
• C) decreases social welfare.
• D) is efficient.

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Definitions:

Ostracism

The act of excluding or shunning someone from a society or group.

Conformity

The act of matching attitudes, beliefs, and behaviors to what is considered normal or standard in a particular group.

Organization Norms

Shared expectations and rules that guide behavior of members within an organization, shaping the organization's culture and dynamics.

Identification

The process by which an individual aligns themselves with specific qualities, values, or traits of another person or group, influencing their behavior and sense of self.