In choosing between points along the contract curve:
A)the decision rule is the greatest good for the greatest number of people.
B)scientific criteria can be used to lead us to the correct distribution of goods.
C)subjective criterion is required to allocate resources.
D)efficiency is always preferred to inefficiency.

Question

Quizplus · Accepted Answer

The allocation of resources along the contract curve involves subjective criteria because it depends on the preferences and utilities of the individuals involved. There is no objective or scientific criterion that can universally determine the correct distribution of goods; instead, it relies on the subjective valuation of the parties involved.

In Choosing Between Points Along the Contract Curve