The Key Difference Between the Pareto Optimality and Pareto Superiority

question 41

Multiple Choice

The key difference between the Pareto optimality and Pareto superiority is that ______.

• A)Pareto optimality is incompatible with utilitarianism,while Pareto superiority is compatible
• B)Pareto superiority is superior to Pareto optimality
• C)Pareto optimality requires interpersonal utility calculations,while Pareto superiority does not
• D)Pareto optimality refers to a state of the world while Pareto superiority compares two states of the world

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Definitions:

Informal Norms

Unwritten rules and expectations that regulate the behavior of individuals within a society or group, without formal legal enforcement.

Formal Norms

Explicitly defined rules and regulations that guide behavior and maintain social order within a society.

Etiquette

The set of conventional rules of personal behavior in polite society, usually in the form of a code of conduct.

Negative Sanctions

Punishments or disapprovals aimed at discouraging undesired behaviors within a society or group.