________ avoids interpersonal comparisons, since it requires only that an action make at least one person better off and no one worse off, evaluated in terms of the preferences of each person.
A. The Calabresi and Melamed principle
B. The Pareto criterion
C. Self-confirming equilibrium
D. Tragedy of the commons
Answer:B
________ avoids interpersonal comparisons, since it requires only that an action make at least one person better off and no one worse off, evaluated in terms of the preferences of each person.
A. The Calabresi and Melamed principle B. The Pareto criterion C. Self-confirming equilibrium D. Tragedy of the commons