WBCS.LIVE practice question

In terms of economics, if it is possible to make someone better-off without making someone worse-off, then the situation is-

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. Inefficient
  2. Efficient
  3. Optimal
  4. Pareto-superior

Correct answer and explanation

Correct answer: Pareto-superior