Economics (M.Phil./Ph.D.) 2022 Panjab University Entrance Exam With Answers

Practice Mode:
2.

The ‘Compensation Criterion’ which says that stage A is socially preferable to stage B, if those who gain from the change can compensate the losers and yet end up with surplus welfare gain is attributed to :

A: W. Pareto
B: N. Kaldor
C: T. Scitovsky
D: Bergson

The answer is: B