If the Pareto criteria are taken literally,_____ percent of United States residents must agree for a policy change to be a move towards efficiency.
A)25
B)50
C)75
D)100

Question

Quizplus · Accepted Answer

The Pareto criteria, when taken literally, imply that for a policy change to be considered a move towards efficiency, it must make at least one person better off without making anyone else worse off. This effectively means that 100% of the affected individuals (in this case, United States residents) must agree to the policy change, as even a single person's objection would indicate that they are made worse off, violating the Pareto improvement condition.

If the Pareto Criteria Are Taken Literally,_____ Percent of United